Corporate bond fundraising in India set to hit new highs as firms chase low-cost capital

MUMBAI (Reuters) -India's record run in corporate bond issuance is expected to continue through August, as higher-rated companies and banks rush to tap the market for cheaper fundraising, underscoring a broader shift in corporate financing strategies amid declining bond yields and ample liquidity, investors said on Monday. Indian firms are expected to raise at least 300 billion rupees ($3.43 billion) via bonds over the next three weeks, traders said. Issuers including Manipal Hospitals, State Bank of India, IRB Infrastructure Trust, Delhi International Airport, Torrent Investments, Power Grid Corp and GMR Airports are among those expected to tap the market this month.