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Yield decline spurs $880 million bond sale by 3 Indian state-run firms, bankers say
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Yield decline spurs $880 million bond sale by 3 Indian state-run firms, bankers say
By Dharamraj Dhutia and Khushi Malhotra MUMBAI, Oct 17 (Reuters) – A decline in corporate bond yields in secondary market after a dovish monetary policy, encouraged three state-run firms to raise about 77.50 billion rupees ($880.5 million) through bonds sale, three merchant bankers aware of the matter said on Friday. State-run Hindustan Petroleum (HPCL) plans to raise around 50 billion rupees, while Bharat Petroleum (BPCL) plans to raise around …
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