PFC-REC merger may reduce bond demand
after close1 source ↓written by the desknot a recommendation
- the merger
- 28 June
The proposed merger of Power Finance Corporation and REC could dampen incremental bond demand as institutional investors may reach regulatory exposure limits. The boards approved the merger on 28 June. Analysts suggest that this could lead to a marginal rise in bond yields due to limited investment capacity from actively managed funds.
Not investment advice. For informational purposes only.