BusinessSagarmala Finance Withdraws ₹600 Crore Blue Bond Issue Over Coupon Demand
Sagarmala Finance Corporation Ltd, India's first dedicated maritime NBFC and a Mini Ratna PSU under the Ministry of Ports, Shipping and Waterways, withdrew its ₹600 crore blue bond issuance as investors demanded a higher coupon than the lender's offer. The 10-year bonds were priced below 8%, but bids ranged from 7.69% to 8.44%. The bonds were rated AA+ with a stable outlook and aimed to fund marine sustainability projects.
Business Standard·3h ago




