How a healthy secondary bond market will deepen primary corporate bond market
Big-ticket infrastructure funding requires a long-term source of funding. This is where the corporate bond market comes into the picture. Corporate bond market not only helps by taking off some borrowing load from the shoulders of the banks, but also dissipates risk across a wide range of investors. As Infra assets need lower cost of funds which is fixed rate & longer-term resources, bonds seem to be the right way.
