Shadow lenders line up over Rs 10,000 crore in rupee bonds
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.
Warren Buffett has long warned against long-term bonds, calling them a poor investment for investors with extended horizons. Yet Berkshire Hathaway has amassed a huge short-term Treasury position, highlighting the distinction between long-duration bonds and cash-like instruments. As global yields surge, Buffett’s bond strategy offers a timely lesson for investors.
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