HUDCO, PFC And Other Firms Raise Over ₹10,000 Crore Through Corporate Bond Sales On 13 November 2026

Housing and Urban Development Corporation (HUDCO), Power Finance Corporation (PFC) and other companies raised more than ₹10,000 crore through corporate bond issuances on Friday. The three major bond issues accounted for ₹8,441 crore. Smaller issuances from other financial companies pushed the total fundraising above ₹10,000 crore.

The borrowing activity came amid relatively softer government bond yields. Several companies have tapped the debt market in recent weeks to raise funds.

HUDCO And PFC Raise ₹8,441 Crore Through Bond Issuances

State-owned HUDCO secured ₹2,500 crore by issuing bonds with a maturity period of 10 years. The bonds carried a yield of 7.92%.

The HUDCO issue was likely arranged with investors in advance. It received only three large bids, including those from Life Insurance Corporation of India (LIC) and the Employees' Provident Fund Organisation (EPFO). The dealer attributed the yield of below 8% to the nature of the longer-term issue.

Meanwhile, PFC raised funds through two separate bond issuances. The company accepted ₹2,968 crore through 18-month bonds at a yield of 8.21%. It also raised ₹2,973 crore through five-year bonds carrying a yield of 8.05%.

Tata Capital Housing Finance And Other Companies Join Bond Sales

Apart from HUDCO and PFC, several other financial institutions raised funds through smaller bond issuances.

Tata Capital Housing Finance secured ₹753 crore from the debt market. Nirmal Bang Securities raised another ₹50 crore through bond sales.

These transactions, along with other smaller issuances, brought the total amount raised during the day to more than ₹10,000 crore.

Government Bond Yield Rises To 7.29% Amid Corporate Borrowing Activity

The 10-year government bond yield moved up to 7.29% on 13 November, gaining four basis points. It had stood at around 7.15% a week earlier. However, the latest reading remained below the 7.50% level recorded in October 2026, according to Clearing Corporation of India (CCIL) data.

This movement matters for companies looking to raise money. Government bond yields act as a reference when lenders and investors decide how much return to seek from corporate debt. Companies usually have to offer an additional return to cover the risk of lending to them.

The possibility of an interest rate hike in December has also prompted companies to secure funds while borrowing conditions are still relatively favourable. Corporate bond issuances have picked up, supporting funding needs across infrastructure, housing and power-sector lending.

The cost of future borrowing will depend on what happens to interest rates, government bond yields and investor demand.

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