Story perspectives

India Corporates Raise $3.2B in Bonds as Rates Fall

6/12/2026

Summary

Story summary

India companies are raising more than 310 billion rupees ($3.24 billion) via five-year bonds this week.
Reserve Bank of India added deposit and overseas-fund incentives to draw dollars, making the issue about one-third of April-May totals.
Corporate borrowing costs fell 40-45 basis points as AAA-rated yields and spreads over government bonds narrowed.
REC and NABARD each issued bonds at a 7.34 % coupon, with non-bank lenders targeting 147.5 billion rupees in issuances.

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Story summary

India companies are raising more than 310 billion rupees ($3.24 billion) via five-year bonds this week.
Reserve Bank of India added deposit and overseas-fund incentives to draw dollars, making the issue about one-third of April-May totals.
Corporate borrowing costs fell 40-45 basis points as AAA-rated yields and spreads over government bonds narrowed.
REC and NABARD each issued bonds at a 7.34 % coupon, with non-bank lenders targeting 147.5 billion rupees in issuances.