Nabard, REC, TMF Holdings, L&T Finance raise Rs 6,900 cr in stable market

REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon of 7.4 per cent.

Nabard, REC, TMF Holdings and L&T Finance raised about Rs 6,900 crore through bonds with varying maturities in a stable market.

Bond dealers said the yield has moved in a narrow range, unlike last week when yield depicted a rising trend. Last week, Indian Railway Finance Corporation and National Cooperative Development Corporation had cancelled bond issues on lack of demand.

The Reserve Bank will conduct Open Market Operations on Wednesday, which will have bearing on activity levels in the past few weeks before the end of fiscal year, dealers said.

REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon