Major Indian Insurer Is Buying More Long-Dated Government Debt
- Says yield premium on corporate debt isn’t attractive enough
- RBI bought long-dated bonds to flatten curve back in 2019
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The fixed income chief at one of India’s biggest insurers likes long-dated rupee government bonds on bets yields aren’t likely to rise much more, but still doesn’t consider corporate debt an attractive option.
That’s the view of Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance Co. Ltd., the country’s fourth-biggest by market capitalization, according to Bloomberg-compiled data.