Five AAA-rated non bank finance companies (NBFCs) are planning to ​raise as much as ₹15,000 crore ‌through sale of bonds maturing from two ​years to five years, three ⁠merchant bankers said on Friday.

A drop in Indian corporate debt yields, especially for shorter term funds, has ‌prompted companies to go back to the market after a quiet April.

Below ‌are some of the issues likely ‌to ⁠hit the market soon, based on information ⁠from merchant bankers, who declined to be identified as they are not authorised to speak to the ​media.

* Bajaj Finance ‌aims to raise ₹9000 crore through two separate debt issuances, while Tata Capital plans to mobilise ₹1770 crore through ‌a dual-tranche bond sale.

* Bajaj Housing ​Finance is targeting ₹1500 crore, and M&M Financial Services is looking ⁠to raise ₹1000 crore .

* Poonawalla Fincorp accepted bids worth ₹1000 crore earlier on ‌Friday.

* None of the companies responded to Reuters’ requests for comment.

* Yields on AAA-rated papers of up to five-year maturity have eased by around 15 basis points over last couple of days as oil prices ‌have eased on hopes of a resolution to ​the Iran war.

* Bankers said firms are trying to front-load borrowings before ⁠volatility returns, particularly with geopolitical risks still unresolved.

* Benefit ⁠of bond funding over bank loans like tenor flexibility, better liability matching, ‌faster rate transmission makes it favourable, Priyashis Das, CEO at a bond trading platform Altifi ​said.

Published on May 8, 2026