Corporates have mopped up a record Rs. 4-lakh crore from the bond market between April and September 17. This is the highest amount raised via rupee bonds in the beginning of the year since 2015, according to Bloomberg data.
Covid-hit corporates rushed to raise funds from the bond market as risk averse banks refused to lend fearing default. The unprecedented lockdown and subsequent hit on the economy has taken a heavy toll on India Inc.