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RBI stimulus working as rare issuers revive rupee bond market
Add BT as a preferred sourcePublished Mon, May 9, 2016 · 09:50 PM
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Mumbai
INDIA'S rare issuers are returning to the bond market as the central bank's plan to boost cash in the financial system drives down borrowing costs.
Tata Realty & Infrastructure, part of the nation's biggest conglomerate, made its rupee bond debut last month to raise 6 billion rupees (S$123 million), while Great Eastern Shipping in May tapped the market after a gap of five years. Billionaire Mukesh Ambani's Reliance Jio Infocomm secured the lowest-ever coupon for a three-year bond sale.
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