Srei Group bonds: Why HNI investors are looking to flee Srei Group-issued bonds

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A particular bond series for Srei Equipment Finance, maturing in 2028, saw its price drop to Rs 666.01 (adjusted for interest) compared with Rs 770 on Monday.

Synopsis

Bond prices plunged pushing yields up. Since November 23, the first working day after the Reserve Bank of India (RBI) ordered a special audit into SREI’s books, bond prices plunged 13.5%.

MUMBAI: High net-worth investors are keen to sell the outstanding bonds at SREI Group amid concerns that a central bank audit might generate adverse results, further denting the value of the instruments.Bond prices plunged pushing yields up. Since November 23, the first working day after the Reserve Bank of India (RBI) ordered a special audit into SREI’s books, bond prices plunged 13.5%.A particular bond series for Srei Equipment Finance,

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