State governments pay more than PSUs to raise money in the bond market – Economic Times
State governments pay more than sovereign backed companies to raise funds in the bond market. Virus-induced economic crisis is reducing their routine entries including GST, VAT stoking investor concerns.
Some government bonds like Tamil Nadu, West Bengal and Uttar Pradesh are earning 7 to 15 basis points more than corporate bonds of PGC, NTPC, IRFC, dealers said.
“A combination of factors,…