Finance
Mr. BillionhairTrump says: BOI and HUDCO raise big bucks in bonds!
Bank of India and HUDCO are making it rain, folks! They just raised a whopping Rs 2,500 crore and Rs 1,905 crore, respectively, with cut-off rates that are just tremendous—7.28% and 6.98%! Why? Because other bonds pulled out, and investors, especially those pension folks, are going wild! SBI and ICICI are also in the game. Believe me, it’s a bond bonanza! Huge interest! Big league!
few days ago | Subrata Panda, Anjali Kumari
Quick rundown
1.Bank of India raised Rs 2,500 crore through tier II bonds.
2.HUDCO raised Rs 1,905 crore with seven-year bonds.
3.PFC and SIDBI's withdrawal boosted demand for BoI and HUDCO bonds.
4.Pension funds were major bidders in the bond issuances.
5.Banks have been active in the bond market after a slow start to the year.
