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India Inc’s fund raising set to hit new record in FY21

October 14, 2020
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The central bank moves on boosting liquidity, through bespoke measures such as TLTRO, should also help expand the corporate bond market.

Synopsis

Local companies, including banks, could raise between $95-100 billion via primary bond sales this financial year, which could be marginally higher than a year before, estimates ICICI Bank.

MUMBAI: Corporate India, including local financiers, could raise a record $127 billion through equity and bond sales in FY21, pointing to the need for additional capital in a year that witnessed unprecedented business disruptions caused by the pandemic.Local companies, including banks, could raise between $95-100 billion via primary bond sales this financial year, which could be marginally higher than a year before, estimates ICICI Bank.”You may

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ET Bureau

Oct 14, 2020, 04:55 PM IST

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Credit: economictimes.indiatimes.com

Tags: bond salesFund raisingICICI securitiesKotak Investment Bankinglife insurance corporationLiquidityThe Reserve Bank of IndiaTLTRO
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