Welcome to manappuram.com! In order to provide a more relevant experience for you, we use cookies to enable some website functionality. Cookies help us see which articles most interest you; allow you to permit us to deliver content tailored to your interests and locations; and provide many other site benefits. For more information, please review ourPrivacy Policy


High-yield NBFC bonds see strong overseas demand

Monday, May 18, 2020

Economic Times


Non-banking finance companies (NBFCs) have turned out be the darlings of global investors who are now betting big on dollar bonds after the finance minister announced a relief package for the sector last week.

High-yield bonds sold by Manappuram, Muthoot, IIFL Fin, Shriram Transport, Indiabulls Housing have rallied in just about a week’s time with yields plunging as much as 500 basis points (bps). This could well pave the way for local shadow banks tapping overseas capital. When yields fall, prices rise. A basis point is 0.01 per cent.

Read more