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Market move● Neutral for Indian equities
CCC Debt Turns Distressed for First Time Since 2023 Bank Crisis
The brief
- The spread on riskiest US corporate bonds topped 1,000 basis points over Treasuries
- It is the first time since the 2023 regional banking crisis
- Reliance’s ₹13,000 crore bond issue draws strong demand; SBI said to be largest investor
- CleanMax raises ₹2,500 crore via Green Bonds
- Clean Max shares change hands in ₹1,199 crore block deal; company raises ₹2,500 crore via green debt
- Corporate debt maturities set to test US borrowers as rates rise
- Reliance plans ₹10,000 crore, 10-year bond issue next week