Bonds

Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group's dollar bonds, despite a buyback by its ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ). On March 12, APSEZ, India's largest private port operator, completed a cash tender offer to repurchase parts of two series of US dollar-denominated senior notes, trimming its outstanding debt by about USD 199.5 million, people with direct knowledge of the matter said. The offer covered up to USD 345.1 million of 4 per cent notes due in 2027 and USD 150 million of 3.10 per cent notes due in 2031, suggesting a potential buyback of roughly USD 495 million. Yet bondholders offered back far less than that. APSEZ eventually accepted USD 102.1 million of the 2027 notes and USD 97.5 million of the 2031 notes, they said. In effect, more than 60 per cent of investors chose to keep their bonds, declining the opportunity to exit through the tender ...

NABARD and REC withdraw planned bond issuances worth Rs 11,000 crore after receiving limited bids at higher yields, reflecting cautious sentiment in the debt market

Prolonged geopolitical tensions could pose headwinds

Government bond yields rose on Friday as crude and OIS rates climbed, before the RBI announced ₹1 trillion of bond purchases to ease liquidity tightness expected from March tax outflows

Sidbi cancelled its ₹8,000 cr three-year bond issue after bids came at higher-than-expected yields, even as Bank of Baroda's green bond saw strong demand and priced tighter than comparable securities

HSBC outlines three Iran war scenarios that could drive oil above $100, affect stocks, bonds and currencies as global markets react to ongoing conflict

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

Large transfers and bond buys by the Reserve Bank of India have supported fiscal maths and liquidity; sustaining this when inflation or capital flows shift may prove harder

NABARD has raised ₹6,779 cr through a three-year bond at a 7.01% yield, as strong demand for AAA-rated short-tenor paper persists despite elevated sovereign yields and a subdued corporate bond market

Centre approves Rs 1 trillion Urban Challenge Fund to catalyse Rs 4 trillion investment, promote market-led urban reforms and boost climate-resilient infrastructure

Nabfid, Hudco and Sidbi raise nearly Rs 12,000 crore at tight rates, while Nabard plans a Rs 7,000 crore bond issue next week amid cautious market sentiment

Alphabet has raised over $11 billion through global bond sales, including a rare 100-year bond, as it ramps up spending on artificial intelligence and long-term technology investments

Fourteen states raised ₹47,620 crore at weekly SDL auctions as yields softened marginally and spreads over gilts stayed stable

The RBI has removed the Rs 2.5 trillion cap under the Voluntary Retention Route and merged it with the General Route, easing exit constraints and simplifying compliance for foreign bond investors

Gold financier Muthoot Finance raised $600 million through a senior secured bond issue under its $4 billion Global Medium Term Note programme

The higher-than-expected borrowing could mean weekly gross supply at Rs 37,000 crore, up from Rs 31,000 crore, assuming 47 auctions during the year, Nomura said in a report

On the taxation front, while details are awaited, one proposal stands out: Exempting global (non-India-sourced) income of a non-resident expert for five years in India

Budget 2026-27 faces a ₹30.5 trillion bond supply as higher state borrowing adds pressure, likely keeping government bond yields elevated despite easing inflation

These bonds could prove risky for investors who might need to exit early

RBI announced over $23 billion in liquidity measures via repos, FX swaps and bond buys to ease banking system stress amid rising yields and rupee pressure