Impact Bonds

China plans to issue special bonds worth about 2 trillion yuan ($283.43 billion) to support household consumption and help local governments tackle their debt problems

The 10-year U.S. yield rose to its highest level in nearly two months following the data, and came within a touching distance of the critical 4 per cent mark

New Delhi aims to raise 220 billion rupees ($2.63 billion) on Friday through the sale of bonds, which includes 10-year green bonds and a 30-year paper

U.S. Treasury yields sank on Thursday, with the 10-year yields hitting a fresh six-month low in Asian hours on Friday

Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time

Banks have since November issued more tier-2 bonds than AT-1 bonds for the entire year

Milestone achieved within three years of launch of first tranche

The National Skill Development Corporation (NSDC) on Tuesday launched the first-of-its-kind and the largest 'Impact Bond' for skilling in India in collaboration with global partners, involving a USD 14.4 million fund which will benefit 50,000 youth by making them employment ready. Along with the NSDC, the global coalition comprises of HRH Prince Charles's British Asian Trust, the Michael & Susan Dell Foundation (MSDF), The Children's Investment Fund Foundation (CIFF), HSBC India, JSW Foundation and Dubai Cares, with FCDO (UK Government) & USAID as technical partners. "The Skill Impact Bond (SIB) is also the first impact bond involving public, private partners and a public private partnership organisation, NSDC," a statement said. CIFF, HSBC India, JSW Foundation and Dubai Cares support the outcome fund. NSDC and MSDF are the risk investors that have committed USD 4 million to provide upfront working capital to the service providers to implement the programme for the lifetime ..

India's government agencies and private sector are arguably capable and ready for Impact Bonds given their long experience with Public-Private Partnerships

India is uniquely positioned to attract funding through the impact bond route given the maturity of the social investing ecosystem