Finance
Big GuyPFC Pulls the Plug on ₹6,000 Crore Bond Sale, Yields Too Hot!
So, listen up! Power Finance Corp was all set to sell bonds worth ₹6,000 crore, but guess what? Investors said, 'No way, José!' They wanted more dough than PFC was willing to dish out! It's like ordering a sandwich and finding out they want extra for the pickles! This is the third time they've pulled the plug on bonds in two months. Talk about a game of financial peek-a-boo!
few days ago | Anjali Kumari
Quick rundown
1.PFC cancels bond issuances due to high yield demands.
2.This marks the third withdrawal by PFC in two months.
3.Market sees muted response to RBI's rate cut.
4.BoI successfully raises ₹10,000 crore via 10-year bonds.
5.Investors prefer longer-duration bonds in current market.
