InvestorQ : Is it true that companies raised less via NCDs in fiscal year 2020-21?
Chandralekha Desai made post

Is it true that companies raised less via NCDs in fiscal year 2020-21?

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NISHA Nayak answered.
3 weeks ago
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That is correct. In fact, the fund raising via NCDs or non-convertible debentures fell 29% to Rs.10,587 crore in FY21. A mix of weak credit ratings and higher risk of default after the second lockdown led to this fall. However, the good news is that blue chips NCDs are getting a good response as was seen in the Muthoot NCD offering. There are more big names lined up for NCDs like DLF, Piramal, Edelweiss and IIFL.

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