Page 3 - Bond Market

Cube Highways raises Rs 600 cr via issuance of non-convertible debentures

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 ...

Mutual Fund activity picks up in corporate bond market, shows data

Strong inflows lead to Rs 1 trillion rise in MF exposure in 2024

Stocks, Bonds: Where to invest after RBI's first repo rate cut in 5 yrs?

RBI Monetary Policy: RBI MPC announced a repo rate cut to 6.25 per cent from 6.5 per cent amid slow economic growth and sticky inflation. Here is how investors should invest after RBI policy

State-owned entities line up to tap bond market after rate decision

Experts indicated that yields on 'AAA'-rated corporate bonds have inched up slightly

RBI partially devolves 10-yr green bond; $/rupee swap attracts 5 times bids

The RBI accepted Rs 1,054 crore worth of green bonds at the auction, against the notified amount of Rs 5,000 crore

RBI receives six fold bids worth Rs 1.2 trn at OMO purchase auction

The cut-off price on the bonds scheduled was set below the secondary market price due to high demand, said market participants

Bond market expects net borrowing of Rs 11 trillion in Union Budget 2025

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

Secondary bond market: What retail investors must know about rates, yields

Experts recommend spreading investments across different bond types, sectors and credit ratings to reduce risk

2013 redux: Bond yields, inflation, FPI selloffs weigh on Indian markets

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

Govt to repurchase Rs 20,000 crore bonds in RBI auction on Thursday

Tight liquidity conditions in the banking sector, influenced by foreign exchange market interventions, government cash flow fluctuations, and currency leakage, have exacerbated the deficit

Bond yields drop 6 bps to 6.75% on RBI's daily VRR auction assurance

RBI receives bids for Rs 30.7K cr on Thursday against notified amount of Rs 50K cr

UK inflation unexpectedly eases in Dec, could reduce pressure in bond mkts

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

Tata Capital raises $400 million through maiden international bond

Tightens pricing by 33 bps over initial guidance

Indian bond-index inflows may fall short of estimate, says Morgan Stanley

India currently has a weight of 7% in the JPMorgan gauge, and that's expected to rise to the maximum of 10% by March

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector, NDR said. The funds will accelerate NDR InvIT's strategic growth plans, it added. With demand for robust logistics infrastructure soaring due to rapid manufacturing growth and the exponential rise of e-commerce, this investment positions NDR InvIT as a driving force in bridging critical infrastructure gaps, it noted. The investment comes at a time when India's logistics and warehousing sectors are poised for exponential growth, it said. According to a recent report by Motilal Oswal, the domestic logistics market, valued at Rs

$319 billion ESG bond market tumbles; bankers, investors left in lurch

Companies and government bodies have so far raised $37.6 billion via the instruments, known as SLBs, about 46 per cent lower than in all of 2023

Asset manager Amundi targets India debt with two recent fund launches

To add to the dollar-denominated exchange-traded fund (ETF) launched in September, the fund house launched the rupee-denominated India Bond Fund earlier this month

Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand

SBI has raised Rs 50,000 crore through domestic bonds in FY25

Sovereign bond yields edge higher ahead of local, US inflation data

The benchmark 10-year yield ended at 6.7874%, compared with Friday's closing level of 6.7762%. The yield traded in a one-basis point range on Monday

Dynamic bond funds: Outsource duration investment bets to fund managers

Some dynamic bond funds could take on higher credit risk to boost returns as there is no regulatory curb on them in this regard