By Tanuka Roy Corporate bond issuances have seen a steady uptick in the last 10 years. According to an analysis by Bank of Baroda, from just Rs 3 trillion in FY12, the issuances soared to Rs 7.8 trillion in FY21, before moderating to Rs 6 trillion in FY22. However, in FY22, corporate bond yields rose in line with G-sec yields amid a higher than expected borrowing programme by the Centre, elevated oil prices and rising global yields, according to the report. “This could partly have come in the way of issuances as unlike bank loans where interest cost varies with …
