Business · Companies · 2 hrs ago
Indian companies plan more than Rs 17,000 crore in debt sales
Companies in India plan to raise over Rs 17,000 crore through debt sales this week.
The issuers include public institutions such as Nabard, REC and Sidbi, as well as private firms including Bajaj Housing Finance and Tata Capital Housing Finance.
The rush follows a recent drop in bond yields, which lowers the cost of borrowing for companies.
India’s 10-year government bond yield closed at 7.30% on Tuesday, down from 7.50% last week, after softer oil prices helped bond prices rise.
Traders say the lower borrowing costs may not last, as yields could rise again if oil prices or global bond yields increase.
US midterm election results could affect market conditions, and Bank of Baroda expects India’s benchmark yield to trade between 7.25% and 7.35% in November, with risks tilted upward.
Companies in India plan to raise more than Rs 17,000 crore through debt issuances this week.
Issuers are moving ahead as government bond yields have eased, with the 10-year yield closing at 7.30% on Tuesday.
The recent bond rally followed softer oil prices, but traders doubt that borrowing costs will remain low for long.
Issuers include public sector institutions Nabard, REC and Sidbi, and several private companies.
An economist expects the benchmark yield to trade between 7.25% and 7.35% in November, with risks tilted upward.
- Who
- Indian companies, including Nabard, REC, Sidbi and private firms such as Bajaj Housing Finance and Tata Capital Housing Finance.
- What
- They plan to raise more than Rs 17,000 crore through debt issuances.
- When
- This week, according to the article published on November 4, 2026.
- Where
- India’s debt markets.
- Why
- Companies are seeking to take advantage of relatively low borrowing costs before yields potentially rise.
This story does not have two clearly opposing sides.
Bond yields fell by around 20 basis points.
The 10-year yield touched 7.50%.
The 10-year yield closed at 7.30%.
Companies planned debt issuances totalling more than Rs 17,000 crore.
Results of the US midterm elections were due to be announced.
- Proposed debt issuance
- More than Rs 17,000 crore
- 10-year yield on Tuesday
- 7.30%
- 10-year yield last week
- 7.50%
- Expected November benchmark yield range
- 7.25-7.35%
- Public sector issuers
- Nabard, REC and Sidbi
What people are saying
There is a significant pile-up of corporate bond issuances, with issuers appearing to jump the queue to capitalise on the recent rally in bond prices
However, the 10-year yield below 7.30% may not be sustainable unless crude oil prices soften further and global bond yields decline meaningfully
We expect benchmark yield to trade in the range of 7.25-7.35% in November, with risks tilted to the upside