PFC received 59 bids worth ₹5,763.51 crore for the zero-coupon bond, maturing in 2035
The first tranche of Rs 50,000 crore is scheduled for May 6, followed by three tranches of Rs 25,000 crore each on May 9, 15 and 19, respectively
The benchmark yield settled at 6.44 per cent, down from the previous close of 6.48 per cent. Bond yields and prices are inversely related
The sales include planned issues worth more than $2 billion on Tuesday, the end of the five-day run that will have included at least 15 companies tapping the bond market
The National Stock Exchange (NSE) on Friday announced the launch of a dedicated website for municipal bonds in a bid to enhance the credibility and visibility of such bond markets in the country. The website will serve as a centralised hub for market participants, offering comprehensive data on the Indian municipal bonds market, including issuances, credit ratings, trading volumes, intrinsic yields, and prices along with the historical performance of India's first municipal bond index -- the Nifty India Municipal Bond Index. This initiative aims to enhance transparency, accessibility, and investor awareness in the municipal bonds market in India. By providing structured information and relevant updates, the initiative is set to strengthen confidence in municipal bonds as a viable investment avenue, NSE said in a statement. "The launch of a dedicated municipal bond website is a great initiative that will significantly enhance the credibility and visibility of the municipal bonds mark
REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years
The benchmark 10-year yield ended at 6.7383%, compared with its previous close of 6.7286%
After January's bond market turmoil, triggered by geopolitical events, large-ticket issuers have rushed to raise funds despite rising corporate bond yields due to tight liquidity and increased supply
Cube Highways Trust on Friday said it has concluded a Rs 600 crore bond issuance arranged by Axis Bank Limited. The issuance saw participation from banks, insurance companies and development financial institutions, Cube Highways Trust said in a statement. "Cube InvIT's Board approved the allotment of 60,000 Non-Convertible Debentures (NCDs) with a face value of Rs 1 lakh each, aggregating to Rs 600 crores, with a tenor of 19 years and 1 month on a private placement basis on February 21, 2025," it said. Cube Highways Trust (Cube InvIT) is managed by Cube Highways Fund Advisors Pvt. Ltd. According to the statement, the funds raised from the issuance of these listed, secured Non-Convertible Debentures will be used to refinance the debt of Cube InvIT's recently acquired Special Purpose Vehicle. Commenting on the transaction, Cube InvIT Group CFO Pankaj Vasani said, "The feedback from capital markets during this raise accentuates strong investor confidence in Cube InvIT's financial ...
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Experts indicated that yields on 'AAA'-rated corporate bonds have inched up slightly
The RBI accepted Rs 1,054 crore worth of green bonds at the auction, against the notified amount of Rs 5,000 crore
The cut-off price on the bonds scheduled was set below the secondary market price due to high demand, said market participants
Gross issuance may increase slightly due to large bond maturity, but is likely to stay within the range seen the past few years as the govt focuses keeping a lid on fiscal deficit
Experts recommend spreading investments across different bond types, sectors and credit ratings to reduce risk
The benchmark BSE Sensex declined by 6.5 per cent between January and August 2013, after rising 29 per cent between December 2011 and January 2013
Tight liquidity conditions in the banking sector, influenced by foreign exchange market interventions, government cash flow fluctuations, and currency leakage, have exacerbated the deficit
RBI receives bids for Rs 30.7K cr on Thursday against notified amount of Rs 50K cr
Inflation in the UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month. The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, was 2.5% in the year to December, largely as a result of easing price pressures in the services sector, which accounts for around 80% of the British economy. That was down from 2.6% the previous month. Economists had expected no change in the annual rate. Though inflation has fallen, it remains above the Bank of England's target of 2%. If the Bank of England decides to cut its main interest rate from 4.75%, it could well ease the pressure in British government bond markets, which have been volatile in recent weeks. The uptick in the interest rate investors are charging the British government to lend money over 10 years hit a 16-year high in recent days, piling pressure on Treasury chief Rachel Reeves to cut spending or raise