MUMBAI: Elevated yields in the corporate bond market and the scrapping of four planned issues within three weeks have led some issuers to delay big-ticket fundraising until the next quarter, merchant bankers and investors said.
Firms including Micro Units Development and Refinance Agency (MUDRA), Indian Bank and ONGC Petro additions have postponed debt sales worth 150 billion rupees ($1.68 billion) to the January-March quarter, that were originally planned for before the end of December.
