Bonds

Bank of India plans capital raise through Basel III-compliant Tier-I and Tier-II bonds to strengthen its capital base

Navi Mumbai and Panvel plan maiden bond issues, signalling momentum in India's municipal debt market to fund urban infrastructure projects

Dynamic bond funds adopt sharply different duration and credit strategies as rising yields and global risks cloud the interest-rate outlook

State borrowing exceeds calendar estimate at weekly auction, with five states raising Rs 16,900 crore and SDL yields set at 7.64 per cent

RBI's Benchmark Issuance Strategy seeks to improve liquidity, transparency and price discovery in SDL market, though impact on borrowing costs may take time

In the financial year 2024-25, FPI inflows were supported by phased entry into JPMorgan's Government Bond - Emerging Market Index (GBO-EM)

Atanu Chakraborty says resignation was driven by value incongruence over multiple issues, including AT-1 bond mis-selling and governance concerns, not any single trigger

The rupee eventually settled at 94.81 per dollar on the final trading day of the 2025-26 financial year, little changed from Friday's close

Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and triggering a stock selloff and a damage control exercise by the lender

The rupee fell about 1 per cent last week, its fourth consecutive weekly decline of ​a similar magnitude, to hit a record low of 94.84 against the dollar

State-run Indian Bank on Monday said it has raised Rs 5,000 crore through a 10-year, long-term infrastructure bond issue at a coupon rate of 7.15 per cent. The lender received two bids for a cumulative amount of Rs 3,100 crore at 7.13 per cent coupon, two bids each for a cumulative value of Rs 4,100 crore and Rs 5,050 crore, at a coupon rate of 7.14 per cent and 7.15 per cent, respectively, market sources said. Additionally, the bank received one bid for a cumulative amount of Rs 5,075 crore, market participants added. The bank planned to raise Rs 5,000 crore, including Rs 3,000 crore in the greenshoe option. The bonds have been rated 'AAA' with 'Stable' outlook by CARE and CRISIL. Pay in and allotment of the bonds will take place on March 24. Pay in is the date when investors and the issuer exchange bonds and money.

Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe

Sterling remained higher on the day, at around $1.3297 and at around 86.30 pence per euro

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