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Cos in search of financial institution assure now shopping for PSB perpetual bonds

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Mumbai: Perpetual bonds are again in vogue as corporations purchase these quasi-debt devices for rate of interest arbitrage play, gaining as a lot as 200 foundation factors, sellers mentioned.Companies that search financial institution ensures now favor to purchase perpetual bonds as a substitute of subscribing to low-yielding financial institution fastened deposits. The corporations might be native contractors or exporters who want financial institution ensures to bid for tasks and consignments.Yields on these riskier




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