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Credit Market
29 Jun 2020
CP Issuances Rise on Investor Demand
In the first fortnight of June 2020, Commercial Paper issuance rose 32% by Rs 686.92 billion against Rs 521.56 billion in the second fortnight of May 2020. Higher surplus system liquidity and lower benchmark interest rates pulled down CP rates. In the last one month, A1+ NBFC CP yields came down by 130 bps to 4.6%.
Paresh Nemade
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