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Will NBFCs bond more with public issues?

The change in the tax regime for debt MFs could see NBFCs hit the public bond market to raise long-term money at attractive yields

March 29, 2023 / 08:23 AM IST
Will NBFCs bond more with public issues?

India’s corporate bond market is dominated by top-rated issuers, both NBFCs and corporates.

Highlights With removal of the tax arbitrage, investors in debt MFs, mainly institutional investors and high net worth individuals, will look for alternatives The changes in taxation of debt MFs could prove a shot in the arm for the bond market as some investors may exercise the option to directly invest in bonds, both government and corporate bonds Higher coupon rates in public issues of NCDs could help NBFCs in attracting investors with higher risk appetite such as HNIs, and those looking...

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