Companies raising funds through high-yield Issues post tax changes
Companies in India are turning to high-yield bonds and other alternative sources of finance after the removal of taxation benefits on market-linked debentures and debt mutual funds. The move has triggered a demand for private credit funds, alternative investment funds (AIFs), family offices, and high-net-worth individuals (HNIs). Private firms with ratings between BBB and A+ have seen limited appetite among qualified institutional buyers, and that has prompted them to seek funding elsewhere.
Source: indiatimes.com