Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million
RBI needs to be fourth buyer in the bond market, says senior executive
Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday
The RBI is preparing the markets for aggressive rate hikes in months ahead. Find out where the bonds and equity markets are headed. And, a look at investment strategies for the next 3-6 months
Pakistan's government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the IMF
Inclusion was perceived as a crucial step change for the $1 trillion market.
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn
Market players said the signals coming from bond markets were at odds with the mood in equity markets
Investors are concerned about wild price swings in the commodities markets due to the Ukraine crisis and sanctions on Russia.
But the bulk the action was focused in the bond markets, with two-year US yields pausing for breath at a six-year high after a massive rise this month
India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4
The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.
High borrowing numbers in the budget as well as absence of any steps to facilitate global bond index inclusion roiled the domestic markets, pushing the yield on the benchmark debt to 6.8
India's entry into global bond indices will happen later, possibly in FY24, because the conditions are not right now, said a government official
Be aware that it carries credit, interest-rate, and liquidity risks and makes diversification difficult
The selloff has moved well beyond China's higher-quality property names
Bond markets in the two countries are at opposite ends of the investment spectrum