Corporate borrowers are increasingly choosing bank loans instead of issuing bonds as capital market yields rise and the cost advantage of bonds fades. The gap between bank lending rates and bond yields has tightened sharply, especially for higher-rated companies, making bank funding more attractive. The shift signals a changing playbook for raising corporate capital.
A South Delhi Hyatt Regency property was assessed at about INR 2,600 crore in 2021 during post-Covid lender restructuring talks. Three years later, the valuation fell sharply to below INR 1,000 crore when a one-time settlement proposal was put forward. The reported gap raises questions over how asset values were recalculated to reshape negotiations with banks.
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