Page 5 - Bond Markets

Adani Green Energy likely to raise $500 mn by tapping dollar bond market

Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature

Canara Bank raises Rs 2,000 crore in capital through Tier-I bonds

In January, the country's largest lender SBI raised Rs 5,000 crore in capital through Basel III compliant Additional Tier 1 bonds (AT-I) at a coupon rate of 8.34 per cent amid tight market conditions

Bond traders pin hopes on dovish RBI pivot to extend Budget rally

Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June

India's big yr for bonds starts with best Jan since 2019 on foreign inflows

The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion

Indian bonds set for new era with $100 billion inflows likely: HSBC AM

India's trillion-dollar sovereign bond market is gearing up for a rush of foreign money in the run-up to inclusion in JPMorgan Chase & Co.'s emerging markets bond index in June

BlackRock, Neuberger bought Adani bonds post Hindenburg bombshell

Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses

Bond market expects RBI to change policy stance in February review

Continuous VRR indicates accommodative approach on liquidity

Hitting the mark: Govt on course to stick to FY24 borrowing target

Next financial year also likely to see similar target

REC to issue multiple-tenor bonds to raise up to 10 billion rupees

REC plans to raise up to Rs 1,000 cr ($120.43 million), including a greenshoe of Rs 500 crore billion, through bonds maturing in over three years

Bond sales hit record pace as emerging markets see year of risks ahead

The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come

Biggest 2-month rally in decades rescues beaten-up bond markets

The US 10-year Treasury yield, the benchmark for borrowing costs globally, has dropped 50 basis points (bps) in December after falling 53 bps in November. Its two-month fall is the biggest since 2008

TMS Ep590: Telecom Bill 2023, India's space sector, bond market, Bhashini

Has the new telecom bill let OTT off the hook? Did 2023 launch India's space sector into a higher orbit? How should bond market investors prepare for 2024? What is Bhashini? All answers here

Sebi to introduce fast track concept for public issuance of debt securities

To deepen the bond market, Sebi is looking to introduce the concept of 'fast track' public issuance for debt securities and further reduce the face value of debt securities, including non-convertible debentures, issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present. If implemented, the move would also promote ease of doing business. "The main intention of a fast track public issuance of debt securities is to facilitate frequent issuers with a consistent track record, to make public issues of debt securities with reduced time, cost and effort," Sebi said in its consultation paper. To further enhance the participation of the non-institutional investors in the corporate bond market, Sebi has "proposed to permit issuers to launch NCDs (non-convertible debentures) or NCRPS (non-convertible redeemable preference shares) with the face value of Rs 10,000". However, in such cases, the issuer should appoint a merchant banker who would carry out due diligence for issuance

Govt scouts for advisor to manage Bharat Bond ETF's AUM worth Rs 50,000 cr

The government is looking to appoint a consultant to advise it on managing the Bharat Bond ETF, whose asset under management (AUM) has crossed Rs 50,000 crore since its launch in 2019. The Bharat Bond Exchange Traded Fund (ETF) comprises bonds of CPSEs, CPSUs, Central Public Financial Institutions (CPFIs) and other government organisations. These institutions have issued bonds and raised debt of Rs 33,400 crore since 2019, using the ETF platform. The Department of Investment and Public Asset Management (DIPAM) on Friday issued an RFP for appointing an advisor/consultant with experience and expertise in advising or who has been involved in a relevant capacity in the launch of an ETF/Debt ETF /Debt MF/ index linked fund/corporate bonds issuances. Merchant bankers/investment bankers/consulting firms/financial institutions; either individually or as a consortium; can bid to act as the advisor/consultant. The advisor will analyse, assist and advise on the possible monetisation of the de

BOJ survey highlights strong bond market strains from ultra-easy policy

Former Governor Haruhiko Kuroda deployed QQE in April 2013, aiming to shock the public out of a deflationary mindset with heavy money printing, and fire up inflation to the bank's 2% target

The Future of Bond Markets in India

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Citi Bank CEO weighs shutting municipal-bond trading business: Report

A Citi spokesperson at that time had said the company did not discriminate against the sector and that it believed it was complying with Texas' law

Demand for 50-year government bond seen firm from insurance firms

Rupee and bond gain post dovish stance by FOMC

Adani Ports sees more offers worth $213 mn at dollar bond buyback

The outstanding for this bond stands at $520 million, according to data from LSEG

JP Morgan adds India to emerging market debt index; may boost G-secs

Industry experts say anything between $20 billion and $30 billion could flow in, at least on paper. There could also be more interest in Indian G-Secs among foreign investors