Several companies tapped the bond market on June 22, raising a combined ₹4,165 crore through debt issuances. The fund-raising was led by Indian Renewable Energy Development Agency (IREDA), along with Godrej Industries, Embassy Office Parks REIT, and India Infradebt.
The issuances come at a time when borrowing costs have eased and institutional investor demand for corporate bonds has improved.
Indian Renewable Energy Development Agency raised ₹1,500 crore through bonds with a maturity period of three years and six months.
The bonds were issued at a cut-off yield of 7.34%, reflecting investor confidence in the state-owned renewable energy financing company.
Godrej Industries Limited raised ₹1,000 crore through a two-part bond issue.
The bonds, maturing in September 2031 and December 2031, were priced at a cut-off annual yield of 8.23%. The company utilised the debt market to secure long-term funding amid favourable market conditions.
Embassy Office Parks REIT raised ₹700 crore through bonds maturing on June 22, 2029.
The bonds were issued at par and carry a coupon rate of 7.49%, with interest payments scheduled on a quarterly basis.
India Infradebt Limited mobilised ₹965 crore through bonds maturing on December 23, 2031.
The issue was priced at par and offers a coupon rate of 7.92%, with annual interest payments to investors.
The recent fund-raising activity indicates a revival in the corporate bond market after a relatively slow start to FY27.
During April and May 2026, Indian companies raised just over ₹1.07 trillion through domestic bonds, representing a decline of nearly 58% compared to the same period last year. This marked the weakest fund mobilisation during the first two months of a financial year since FY23.
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Market participants attributed the slowdown in bond issuances earlier this year to elevated bond yields caused by geopolitical tensions in West Asia.
As borrowing costs increased, several issuers delayed or withdrew their planned bond offerings. Some companies were unable to secure funding at their preferred rates, while others chose to wait for better market conditions before raising capital.
Among the issuers that postponed planned bond sales was the National Bank for Agriculture and Rural Development.
The successful bond issuances by IREDA, Godrej Industries, Embassy Office Parks REIT, and India Infradebt suggest improving conditions in India's debt market.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 22, 2026, 7:02 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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