Investment banking News
NHAI bonds gain 3% on debut
The tax-free bonds of the National Highways Authority of India (NHAI) made a strong debut on the bourses on Wednesday. After opening at Rs 1,030, the 10-year bond closed with gains of Rs 28.21, or 2.82 per cent to Rs 1,028.21. Meanwhile, the 15-year bond closed at Rs 1,035.03, up Rs 35.03, or 3.50 per cent. On a yield-to-maturity (YTM) basis, the 10-year bond is currently at 7.78 per cent as against
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