For the first time since capital market regulator Sebi allowed public issue of debt in 2008, funds raised through this route have surpassed equity offerings.
National Highway Authority of India could become the first issuer of tax free bond this year, market sources say.
IDBI Bank to raise Rs 4,000 cr via domestic bonds to meet its long-term infrastructure funding needs
However, the lender said it will not issue the bonds immediately. They will be issued depending on its funding needs.
Deepening crisis in Europe and sluggish domestic growth, could force Reserve Bank of India to cut key rates by 25 basis points, predicts ING Vysya Bank.
RBI will auction about Rs 18,000 crore worth of government bonds on April 3, the highest amount to have ever been auctioned in a week.
National Highways Authority of India, National Housing Bank and the state-run IIFCL will benefit from the finance minister's doubling of tax-free funds.
The total value of spot currency transactions rose to $49,986 million, as on February 10, after falling to $3,684 million on Dec 23, 2011.
Bonds bring home the bacon for investment banks like Kotak Mahindra, ICICI Securities, SBI Capital and JM Financial
Bond market is turning out to be the saviour for distributors and investment banks amid gloom on the equity and takeover fronts.
With the interest received being tax-free, the effective post-tax returns for individuals in the highest tax bracket will be about 12%.
Indian infrastructure, a hot cake for international investors till two years ago, now remains a hot potato even as the investors return to lap up equities.
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