Page 4 - Bond Market

Foreign investors net sellers of Indian bonds in Oct; 2nd outflow in 2024

Currently, US bond yields have shown some volatility, with the yield moving from 4.3 per cent to 4.4 per cent. This is despite favourable data, such as the recent jobless claims

Nomura woes deepen with trading scandal, arrest for attempted murder

The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from the collapse of Archegos Capital Management

Rupee, bonds to balance on high wire of RBI rate decisions, US polls

The next Samvat for the Indian bond market is projected to be a period of relative calm, marked by limited fluctuations in yields and a cautious policy stance from the RBI

Sovereign bond yields rise tracking US peers amid cautious sentiment

The benchmark 10-year yield ended at 6.8660%, the highest since Sept. 3, compared with its previous close of 6.8495%

Moody's raises Vedanta Resources rating driven by efforts to access funding

Moody's Ratings on Friday said it has upgraded the ratings on bonds of Vedanta Resources Ltd (VRL) driven by the company's efforts to access funding. The rating agency has revised Vedanta's corporate family rating to B3 from Caa1, and also upgraded rating on senior unsecured bonds sold by VRL and VRL's wholly-owned arm Vedanta Resources Finance II Plc to Caa1 from Caa2. It has maintained 'stable' outlook on the ratings. "The upgrade to B3 is driven by VRL's demonstrated access to funding, reflected by the successful tap of USD 300 million of its 10.875 per cent senior notes due in September 2029. The tap and the company's USD 900 million issuance last month were oversubscribed by investors," it said. VRL, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised USD 300 million by exercising the tap option on the existing bond issue. A tap issue is a procedure that allows companies to issue bonds or other short-term debt instruments from past issues. The rating

Sovereign bond yields end higher as sentiment cautious after RBI comments

The benchmark 10-year bond yield ended at 6.8293% on Monday, compared with its previous close of 6.8193%

Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25

More than Rs 74,507 crore was raised in September alone, making it the highest amount in FY25

'Buy India' sovereign bonds chorus grows as demand outpaces supply

The supply crunch comes just as Indian bonds have emerged as top performers among major Asian nations, driven by their recent inclusion in global debt indexes

RBI eases its hawkish stance, index addition to extend market bond rally

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds

"The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows," one of the bankers said

FTSE Russell Index revamp has S Korean, Indian bond markets on watch

FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index, which tracks $29 trillion of global fixed income

India 10-year bond yield at 3-week high on West Asian conflict concerns

The benchmark 10-year yield ended at 6.8339%, the highest since Sept. 12, compared with its previous close of 6.7765%. On a weekly basis, the yield rose seven basis points

IIFL Home Finance to raise up to Rs 3,000 cr via public issue of bonds

Trust Investment Advisors and IIFL Securities are the lead managers to the home finance company's issue, which is rated AA by Crisil and India Ratings

REC's deep-discount zero-coupon bond issuance receives strong demand

The issuance had a base issue size of Rs 1,000 crore, with a greenshoe option of Rs 4,000 crore. The company received bids worth Rs 33,670 crore, nearly 34 times the base issue

Shriram Finance raises $500 million from investors via USD Social Bonds

The company plans to tap the USD bond market again when interest rates ease further

Bank bond issuance likely to touch Rs 1.2 trn level in FY25 : Report

Infrastructure to command about 66% share in issuance, according to ICRA

Corporate bond market needs to be strengthened: SBI chairman Setty

State Bank of India Chairman C S Setty on Wednesday stressed that the corporate bond market needs to be strengthened even as he assured that the banking industry's exposure to small loans remains manageable, primarily due to the active participation of NBFCs and MFIs. Speaking on the sidelines of Bengal Chambers of Commerce and Industry's annual financial market conclave here, Setty also addressed concerns about the slowdown in unsecured loans and the importance of maintaining a healthy CASA (current and savings account) ratio. "One of the major points in corporate lending is that it was mainly done by banks. Corporate bond market still has to get strengthened," Setty said. "I think these financial services players were also significant players in mobilizing the household deposits, and have to come to the market," he said. Setty said that the banking industry is not into small value loans as such loans are given by NBFCs and MFs and added that there is some slowdown due to the ...

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

China's central bank starts trading govt bonds to influence yield curve

After starting with just verbal warnings earlier this year, the PBOC's pushback against the bond rally has evolved into action since early August

Adani Enterprises to raise up to Rs 800 cr as non-convertible debentures

The majority of the proceeds from the issue will be utilised to prepay or repay, in full or in part, the existing debt, and up to 25 per cent for general corporate purposes