PFC, Bank of India Plan Massive ₹160 Billion Fundraise Amidst Bond Market Dip

• Corporate bond issuances saw a short-term dip, falling from ₹43 billion on Thursday to ₹9.2 billion on Friday.
• Monday's primary market activity is projected at ₹11.25 billion, led by Phoenix Arc, Spandana Spoorthy, and Krazybee Services.
• Power Finance Corp (PFC) and Bank of India (BoI) plan a combined ₹160 billion fundraise on December 23, with BoI targeting ₹100 billion and PFC ₹60 billion.
• Market observers note a year-end upward bias, with trading concentrated in 2-3 year bonds.
• Mutual funds are selling 1-2 year maturity bonds due to redemption pressures, possibly linked to upcoming GST payments.

Why It Matters: Despite a recent dip, the bond market anticipates a significant ₹160 billion boost from PFC and Bank of India.