India’s corporate bond market revives on rate-cut hopes

After a steep drop in issuance in Q3, India’s corporate bond market shows signs of life. Firms have recently raised about ₹500 billion, and October issuance may cross ₹1 trillion, fueled by expectations of RBI rate cuts and investor demand for yield. Major deals include Bharti Telecom’s ₹105 billion issue and SBI’s ₹75 billion bond. The recovery points to improved credit conditions and more liquidity for corporate borrowers.