The major government units are preparing to raise Rs 14,000 crore from the domestic debt capital market through bonds. These include Small Industries Development Bank of India (SIDBI), REC, Housing and Urban Development Corporation (HUDCO) and India Infrastructure Finance Company Limited (IIFCL).
It is to be noted that these government companies will raise funds from the domestic market a few days after the decision of the Monetary Policy Committee (MPC) at interest rate. The general belief is that the MPC led by Governor Sanjay Malhotra will announce the first cut in interest rate on Friday. The policy repo rate can be cut by up to 25 basis points.
SIDBI aims to raise Rs 6,000 crore from a 49 -month maturity bond on February 10, with a base issue of Rs 2,000 crore and a green shoe of Rs 4,000 crore
There will be option.
The REC plan is to raise Rs 3,000 crore from a bond of 15 -year maturity on February 11, with a base issue of Rs 500 crore and a green shoe option of Rs 2,500 crore. Apart from this, REC will re -release a bond of Rs 3,000 crore.
Similarly, Hudco plans to raise Rs 3,000 crore from the market on February 10, with a base issue of Rs 500 crore and a green shoe option of Rs 2,500 crore. Their maturity period will be 10 years. Apart from this, IIFCL on February 11, 3 years and 36 days with maturity bonds 2,000 crores
Will raise money.