Bond news
Companies issue bonds for M&A to fund investment demand
Companies are tapping the bond market to fund acquisitions, driven by mutual funds' demand, reaching a record Rs 4.75 trillion in corporate bond sales, up 15% from the previous year. Manipal Hospitals, and TORNTPOWER may raise around Rs 53 billion, and Rs 84 billion respectively for acquisitions, amid conducive bond pricing and attractive spreads.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.
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