💨 Abstract

Indian companies are set to issue $3 billion in bonds over two days, increasing an already heavy debt pipeline. State-run firms and non-banking financial companies plan to raise about $3.2 billion. However, credit spreads may face pressure as institutional investors demand higher premiums due to the liquidity crunch and supply glut. Indian states will also raise over $5 billion in debt sales this week, adding to the supply.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖