Ten-year bond yield hits 7.19%, highest in two years
Yields on the 10-year benchmark government bond have increased to their highest level since April 2024. The rise in yields follows a surge in oil prices and higher global yields. The Reserve Bank of India is taking measures to manage liquidity in the banking system with open market operations. Traders are experiencing losses due to rising yields impacting previously purchased bonds.
In a significant financial move, Clean Max Enviro Energy successfully raised Rs 2,500 crore by issuing green debt securities. The offering consisted of non-convertible debentures organized into five series, each featuring different maturities and coupon rates. Structured under a green bond framework, the funds will be directed towards renewable energy projects. The backing from prominent institutional investors indicates strong confidence in Clean Max's sustainable growth approach.
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