India Bond Market

States are aiming to raise more than ₹33,200 crore, 25 per cent higher than the planned calendar, while Power Finance Corp is eyeing ₹6,000 crore and Bank of India plans to raise ₹10,000 crore

Chief Economic Advisor V Anantha Nageswaran on Friday flagged the concentration of large and well-rated companies in the bond market for raising funds, and said there is a need to enable mid-sized firms to access markets "systematically and affordably". There is also a need to increase liquidity in the markets, and investors need to shed the tendency of holding papers till maturity, Nageswaran said. The "double-engine" of bond markets and bank funding will help provide the required financial support for a growing economy like India going forward, he said. Amid wider calls for self-reliance in the economic sphere, the academician-turned-policymaker made it clear that domestic money should "anchor" the funding in the Indian debt markets, and foreign flows should "complement" it. "The challenge today is not the absence of a debt market but its concentration. Large and highly rated firms raise capital with ease. The task ahead is to enable mid-sized corporates, infrastructure SPVs, sup

The one-year OIS rate has dropped to a month-low, with markets pricing in a 20-bps repo rate cut by February after RBI's governor signalled room for easing, though uncertainty over December's move per

Axis AMC expects markets to shift towards a 'lower-for-longer' rate phase as tighter liquidity conditions set in

The review matters because Nomura is one of the key players in the Strips market, a niche but a fast-growing part of India's $1.3 trillion sovereign debt market

Fundraising rush follows SBI's record Oct issue as yields soften

25-bps rate cut by December looks likely, but RBI's neutral stance and global uncertainties mean yields may not fall sharply, says Jain

Indian firms raised Rs 5.47 trillion through bonds in H1FY26 as lower yields drove strong Q1 activity; experts expect a rebound in the second half as banks re-enter the market

Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate purposes. With this offering, Vedanta has raised USD 3.6 billion from international bond markets in the last 14 months and, in the process, ensured a spread-out debt maturity profile. "The bonds received final orders of over USD 1.6 billion, recording more than 3x oversubscription from existing as well as a new set of investors across APAC, EMEA and the US, with 97 per cent participation from asset managers/fund managers, highlighting the confidence of investors in the Vedanta story," the statement said. The final .

A 25 basis-point interest-rate cut, combined with clear guidance on further easing, may drive the 10-year yield lower by as much as 30 basis points

Although the volumes for surety bonds continues to be low, issuance in a non-paper manner will ease a lot of administrative work for the insurers and could also help in increasing volumes

India currently has 41 securities under the fully accessible route (FAR), valued at $502 billion, with no foreign investment limits

Gujarat-based renewable energy developer and operator KPI Green Energy on Thursday announced the successful listing of its inaugural green bond worth Rs 670 crore on the National Stock Exchange of India. This marks a significant advancement for sustainable finance in India's renewable sector, a company statement said. The five-year bond carries an annual coupon rate of 8.50 per cent with a quarterly amortisation profile. It is supported by a 65 per cent partial guarantee from GuarantCo , part of the Private Infrastructure Development Group, which is funded by the governments of the United Kingdom, Switzerland, Australia, Sweden, Netherlands, Canada and France. GuarantCo is rated AA- by Fitch and A1 by Moody's. This external credit enhancement has enabled AA+(CE) rating from both CRISIL and ICRA, broadening the investor base to include long-term domestic institutions such as infrastructure funds, mutual funds, and insurance companies. Bond proceeds will be used to expand KPI Gree

After a lackluster first half in FY2026, banks are likely to turn to fresh Tier-II bonds to strengthen their capital base and to replace earlier issuances raised at a higher coupon rate

The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields

Alongside fiscal concerns, pension funds and insurers have shunned bonds in favour of equities, while large banks have slowed purchases amid mark-to-market losses on existing bond holdings

Fears of a widening deficit have pushed up the benchmark yield by 18 basis points this month, with the bulk of that rise coming last week

Selloff continues despite retail inflation hitting 8-year low

The yield spread between the three-year government bond and benchmark 10-year bond has increased by more than three times to 48 basis points, against 15 bps at the start of FY26

RBI MPC: The RBI has delivered a liquidity bazooka, but the real gains ahead depend on how fast the credit flywheel turns. Debt investors, thus, must navigate this shift with nuance