State Bank of India's perpetual bond demand seen spurring more issuances, bankers say
State Bank of India's recent success in selling perpetual bonds is setting a positive precedent for other banks. With several lenders preparing for perpetual bond call options this fiscal year, they may be encouraged to initiate fresh debt offerings. This trend underlines banks' focus on bolstering capital buffers to foster credit growth and expansion, highlighting a strong institutional demand among various investor segments.
In an exciting development, Indian shadow lenders are gearing up to raise a substantial sum of at least ten thousand crore rupees in the near future. Power Finance Corporation is set to invite bids for a massive fifty billion rupee bond issuance, while Bajaj Housing Finance and HDB Financial Services are also eyeing significant note offerings. Tata Capital and Shriram Finance are in the process of arranging for considerable borrowings.
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