Investors flock to PFC for yield pickup

By Morgan Davis
22 Jan 2021

Power Finance Corp netted $500m from a bond that was printed at a negative new issue premium, but still attracted investors for the yield it offered compared to peers.

Indian bond issuance was muted in 2020 due to the Covid-19 pandemic and related market hurdles. But a few Indian credits have jumped into the market in 2021, and found investors keen to buy their deals as a rare diversifier away from Chinese dollar bonds.

PFC, ...

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