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NHIT to Debut Private Bond Placement

The National Highway Infra Trust (NHIT) of India, a wholly owned subsidiary of National Highways Authority of India (NHAI) that primarily manages toll road projects, intends to forge into the domestic corporate bond market via a private placement of bonds.

The company’s bonds are high security AAA rated and performed remarkably well in its first debt issuance in 2022. The bonds would be most likely zero-coupon and for longer duration. A board meeting in the second week of march may set out the actualities of the issuance of the bonds.