India’s market for corporate bonds has been a laggard: Heed Niti Aayog’s call for reforms
Ever since the pandemic, though, privately placed issuances have surged. While their pace has eased, low costs and operational ease have been drawing issuers down this route. Off-market bonds are often rated lower on safety and they offer higher yields to compensate, but finding takers for such debt and setting bond prices should be the market’s job. A market that functions better, thus, is an important aim.
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