Amid the trend of hardening yields, Nabard, REC, TMF Holdings and L&T Finance will hit the bond market on Tuesday to raise about Rs 8,600 crore.
National Bank for Agriculture and Rural Development (NABARD) is slated to tap the bond market with a maturity of three years and one day for a base amount of Rs 1,000 crore. It will come with an option of another Rs 2,000 crore. Part of the issuance is government-serviced bonds, bond dealers said.
Rural Electrification Corporation (REC), a public sector undertaking (PSU), is looking to issue a 15-year paper with base amount of Rs 500 crore with option of raising another Rs 4,500 crore.
