Bond market is buzzing with activity
India's bond market is buzzing—14 states just raised ₹38,000 crore through auctions on February 3, the Reserve Bank of India (RBI) said.
State governments and public sector firms lead the charge
State governments and public sector firms are leading the charge, with NHPC eyeing ₹2,000 crore and REC Ltd planning a massive ₹1.5 lakh crore via bonds.
Even city bodies like Tiruchirappalli want in, aiming for ₹100 crore soon.
Corporate bond issuances are also on the rise
Big names like JSW Steel (₹5,000 crore), Torrent Pharma (₹3,000 crore), Prestige Estates (₹2,000 crore), Poonawalla Fincorp (₹500 crore), and Veritas Finance (₹200 crore) are all looking to raise cash through bonds too.
Axis Bank targets ₹35,000 crore in debt while Bank of Maharashtra is going for ₹10,000 crore in infrastructure bonds—showing just how popular debt funding has become as borrowing costs rise.