Page 3 - Bank Bonds
Union Bank of India raises Rs 1,500 cr through Basel-III compliant bonds
The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore
 "Union Bank of India raises Rs 1,500 cr through Basel-III compliant bonds")
Ugro Capital raises Rs 150 cr by issuing bonds on private placement basis
The company's Investment and Borrowing Committee has approved the allotment of 150 protected market linked non-convertible debentures
 "Ugro Capital raises Rs 150 cr by issuing bonds on private placement basis")
HDFC Bank plans to raise funds via AT-1 bonds from overseas market
The bank is expected to raise up to $1 billion from dollar-denominated bonds
 "HDFC Bank plans to raise funds via AT-1 bonds from overseas market")
Lazy banking: Banks' bond investment surpasses loans
Standard Chartered's Sahay said the gap between investments and advances will narrow only gradually
 "Lazy banking: Banks' bond investment surpasses loans")
Bank of India to issue Basel III compliant bonds to raise up to Rs 750 cr
Bank of India on Wednesday said it will raise up to Rs 750 crore by issuing Basel III compliant bonds.
 "Bank of India to issue Basel III compliant bonds to raise up to Rs 750 cr")
SBI board to consider raising up to $1.5 bn by issuing bonds this fiscal
SBI said the capital is proposed to be raised through public and/or private placement of senior unsecured notes in US dollar or any other convertible currency during 2020-21
 "SBI board to consider raising up to $1.5 bn by issuing bonds this fiscal")
YES Bank fallout: AT-1 bonds see spike in yields post RBI's proposed scheme
State Bank of India's bonds see 130 basis points jump in yields since Friday
 "YES Bank fallout: AT-1 bonds see spike in yields post RBI's proposed scheme")
Tipping Point: Should you allocate more to corporate, govt bond schemes?
If you are tempted to increase your allocation to schemes C and G based on past year's returns, avoid doing so
 "Tipping Point: Should you allocate more to corporate, govt bond schemes?")
Bank of Baroda to raise Rs 5,500 crore capital through bonds, ESOP
CEO Jayakumar said the bonds were likely to be floated by August-end or the first week of September to raise tier II/tier I capital
 "Bank of Baroda to raise Rs 5,500 crore capital through bonds, ESOP")
Reserve Bank of India allows banks to spread bond losses
To absorb such losses in future, the central bank instructed banks to create an Investment Fluctuation Reserve (IFR) from the start of the current fiscal
 "Reserve Bank of India allows banks to spread bond losses")
Banks are going slow in purchasing bonds ahead of the Union Budget
The market at present expects the borrowing programme to be Rs 6-6.6 trillion on a gross basis, higher by about Rs 500 billion from last year
 "Banks are going slow in purchasing bonds ahead of the Union Budget")
In a first, Yes Bank to sell bonds worth $300 million through IFSC unit
According to an investment banker working on the issue, the drawdown will be from Yes Bank's IFSC banking unit at the Gujarat International Finance Tec-City (Gift City)
 "In a first, Yes Bank to sell bonds worth $300 million through IFSC unit")
Bonds fall after RBI deputy governor warns banks of high interest rate risk
The statement was seen by traders as hawkish and as a message asking them to bring down their bond holdings
Govt introduces a new 10-year benchmark bond at a coupon of 7.17%
Against the older 10-year benchmark, the government had raised Rs 1.21 trillion
 "Govt introduces a new 10-year benchmark bond at a coupon of 7.17%")
Banks fear Rs 150-250-bn MTM loss over abrupt bond yield movement
RBI approached for leeway to spread the losses over some quarters
 "Banks fear Rs 150-250-bn MTM loss over abrupt bond yield movement")
