Debt market sees issuances worth `1.89 trillion in April-September

Reflecting robust activity, debt issuances picked up by 15.3 per cent to Rs 1.89 lakh crore during the first six months of the current fiscal over the same period a year ago, says a report. Debt issuances worth Rs 1.64 lakh crore were made in the April-September period in 2014-15, according to Care Ratings. “The signals from <g data-gr-id="15">financial</g> market are not yet strong enough to indicate a major turnaround,” Care said. Noting that banks have been slow on lending to the manufacturing and services sectors with demand also being subdued, the rating agency said, “There has been some recourse sought to the debt market and CP (commercial paper) segment by companies, but it is not yet a generalised phenomenon”. As per the report, financial services segment continued to lead in the debt market with a share of above 72 per cent.