The Indian finance scene may have been crumbling, but this has not affected the bond investments as they have been rising irrespective of what the market outlook is and what the Indian finances are doing terms of failures and slowing economy and falling banking sectors too. The bonds have been just as popular just s they have been all over the world. So there is a huge push for bonds, and the nation is expected to see more rise in this trend as we are soon going to see ETF bonds in the Indian markets, which were absent for a long time.
But till those come there are some new bonds that have been planned by the Piramal Capital and Housing Finance company which has been longing now to test the investor appetite in the nation and this is why it is going to do a bond sale and issuance of 1000 to 1500 crore Rs which is expected to hit the markets in a couple of weeks so the year will be ending pretty good in the bond markets. These bonds are with a five-year maturity, and the company has been reaching out to select market participants who they think will be interested in these bonds, they have also been sighted reaching out to one large government-owned domestic institutional investor to place such proposed bonds directly.
So with this, we are all set to see some new investment opportunities, and this being from a small finance firm, it is expected to be a good deal.
Tags : Piramal, Finance company, Indian finance, Bonds,