SPOTLIGHT: Mkt snubs National Highways Infra 17-yr bonds 2nd time since Dec
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SPOTLIGHT

Mkt snubs National Highways Infra 17-yr bonds 2nd time since Dec

National Highways Infra Trust Ltd., an infrastructure investment trust backed by the National Highways Authority of India, failed to find enough takers for its offering of 17-year bonds for the second time in eight weeks. While the company managed to raise INR 20.32 billion through zero-coupon bonds maturing in 2035, its attempt to issue a 17-year bond failed yet again due to lack of demand from long-term investors.

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