SBI, Manipal Hospitals, GMR Airports etc to raise Rs 30,000 cr via bonds in 3 weeks

Kolkata: A flurry of corporate bonds from reputable companies are going to hit the market in the next three weeks. Reports have stated that the list of firms that are supposed to float bonds in the next few weeks include State Bank of India, Manipal Hospitals, GMR Airports, Delhi International Airport, IRB Infrastructure Trust, Torrent Investments and Power Grid Corporation. Reports have put the cumulative value of the bonds being offered at Rs 30,000 crore. These can all hit the market in the next 21 days.

Delhi International Airport, which is a JV between GMR Airports and the Airport Authority of India, is also going to raise resources through this route independently of GMR Airports, said reports.

Also Read

SBI shares in focus after bank announces to issue up to Rs 20,000 cr bonds in FY26

RBI rate cut pause: Opportunity to lock in FD rates; check top banks

RBI draft on claim settlement: 15-day settlement, compensation for delays

The issuance of these bonds is being seen as a continuation of a surge in corporate bonds in the month of August. Experts have pointed out that top companies are flooding the market with bonds which are allowing them to raise funds at a cheaper rate in a climate marked by declining bond yields. There is also a lot of liquidity in the market.

The Reserve Bank of India has a pronounced dovish stance and is ready to bring down the interest rates if the need to trigger consumption, and thereby growth, is felt. The retail inflation rates which has been at a multi-year low, has helped the central bank in adopting this stance. Recently, former SBI chairman Rajnish Kumar has said that the transmission of interest rate cut benefits is not automatic and not immediate. However, analysts say that the rate transmission in the bond market is faster since rate expectations are discounted.

With the decline in benchmark bond yields, borrowing costs are also going down for corporates and they are eager to utilise the situation to the hilt.

With banks being slow in transmitting the benefits of the rate cuts, more and more companies are making use of the situation to float bonds are raise money. Reports have stated, till May 2025, different companies have raised Rs 61,200 crore in may 2025, which is about 300% of the funds mobilised in may last year.

Though institutional investors dominate the bond market, changes by Sebi in 2023 are making it more accessible to retail investors. Sebi has cut the minimum investment amounts. Most listed bonds can be bought with Rs 10,000. Some go as low as Rs 1,000. Also credit rating and disclosure rules have become more strict that are helping the individual investors who are more dependent on third party credentials.