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Funding and debt● Neutral for Indian equities
Sagarmala Finance withdraws ₹600 crore blue bond issue on higher coupon
The brief
- Sagarmala Finance withdrew its ₹600 crore blue bond issue after bids reached ₹525 crore
- Bids carried coupons of 7.69% to 8.44%, above the planned sub-8% pricing
- The withdrawal highlights borrowing-cost pressure for Indian bond issuers and investors
- CleanMax raises ₹2,500 crore via Green Bonds
- Corporate debt maturities set to test US borrowers as rates rise
- Reliance plans ₹10,000 crore, 10-year bond issue next week