Indian state-run firms set stage for $1 billion debt blitz as rates soften
Three major Indian state-run firms are set to issue bonds worth approximately $1 billion. NaBFID, Power Grid Corp, and HUDCO aim to raise around 90 billion rupees through medium to long-term notes. This comes as corporate bond yields have softened, driven by central bank actions and a scarcity of high-quality, long-duration debt, signaling strong investor demand.