Rising corporate bond yields have forced major Indian companies including MUDRA, Indian Bank, and ONGC Petroadditions to postpone ₹150 billion in debt sales to the January-March quarter. AAA-rated corporate bond yields have spiked 20-30 basis points this month due to tight liquidity and investor risk aversion. Four bond issuances worth ₹225 billion were cancelled as companies like Power Finance Corp and Indian Railway Finance Corp refused to meet higher yield demands, though RBI's liquidity measures may provide relief in the coming quarter.
Rising Corporate Bond Yields Force Major Indian Companies to Postpone ₹150 Billion Debt Sales
