Corporate bond fundraising set to hit new highs

India's record run in corporate bond issuance is expected to continue through August, as higher-rated companies and banks rush to tap the market for cheaper fundraising, underscoring a broader shift in corporate financing strategies amid declining bond yields and ample liquidity, investors said on Monday.

- Reuters

Indian firms are likely to raise at least ₹30,000 crore via bonds over the next three weeks, traders said.

Issuers including Manipal Hospitals, State Bank of India (SBI), IRB Infrastructure Trust, Delhi International Airport, Torrent Investments, Power Grid Corp. and GMR Airports are among those expected to tap the market this month. None of the firms responded to Reuters' emails seeking comment.