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Brookfield Infrastructure Partners L P : UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS - Form 6-K

Brookfield Infrastructure Partners L P : UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS - Form 6-K
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Brookfield Infrastructure Partners L P : UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS - Form 6-K -November 14, 2023 at 06:21 am EST

Brookfield Infrastructure Partners L P : UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS - Form 6-K

From NTPC to banks, corporates make a dash for debt as yields plateau

Domestic companies have already raised around ₹40,000 crore ($5.01 billion) through private placements of bonds from Aug. 1 to Aug. 24, against the average monthly fund-raising of around ₹33,500 crore in the first four months of this financial year

corporate borrowings: How short-term rates impacted corporate borrowings

Overnight, the costs for bond issuers rise In the past two days, sealed bond deals have indicated that investors now expect higher rates than the existing secondary market rates. Synopsis Bank of Baroda, Rural Electrification Corporation, and Indian Bank are now paying about 25-45 basis points higher for three-to-five-year money compared to their own secondary market rates. MUMBAI: Interest rates are generally directional. When debt costs for some maturities head north, usually the others follow. That precisely appears to be the outcome of the central bank move to help correct overnight rates. They have risen, and so have the costs for primary bond issues.

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