Bonds

RBI pilot to boost SDL liquidity; impact on yields likely to be gradual

RBI's Benchmark Issuance Strategy seeks to improve liquidity, transparency and price discovery in SDL market, though impact on borrowing costs may take time

Global risk aversion halts FPI momentum in FAR securities in FY26

In the financial year 2024-25, FPI inflows were supported by phased entry into JPMorgan's Government Bond - Emerging Market Index (GBO-EM)

No single trigger: HDFC Bank ex-chair cites a range of issues behind exit

Atanu Chakraborty says resignation was driven by value incongruence over multiple issues, including AT-1 bond mis-selling and governance concerns, not any single trigger

Rupee slips past 95 per dollar; benchmark bond yield exceeds 7%

The rupee eventually settled at 94.81 per dollar on the final trading day of the 2025-26 financial year, little changed from Friday's close

HDFC Bank delayed action in AT-1 bond mis-selling: Atanu Chakraborty

Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and triggering a stock selloff and a damage control exercise by the lender

Traders brace for volatility after RBI FX curbs, oil surge to hurt bonds

The rupee fell about 1 per cent last week, its fourth consecutive weekly decline of ​a similar magnitude, to hit a record low of 94.84 against the dollar

Indian Bank raises ₹5,000 crore through 10-year infra bond at 7.15%

State-run Indian Bank on Monday said it has raised Rs 5,000 crore through a 10-year, long-term infrastructure bond issue at a coupon rate of 7.15 per cent. The lender received two bids for a cumulative amount of Rs 3,100 crore at 7.13 per cent coupon, two bids each for a cumulative value of Rs 4,100 crore and Rs 5,050 crore, at a coupon rate of 7.14 per cent and 7.15 per cent, respectively, market sources said. Additionally, the bank received one bid for a cumulative amount of Rs 5,075 crore, market participants added. The bank planned to raise Rs 5,000 crore, including Rs 3,000 crore in the greenshoe option. The bonds have been rated 'AAA' with 'Stable' outlook by CARE and CRISIL. Pay in and allotment of the bonds will take place on March 24. Pay in is the date when investors and the issuer exchange bonds and money.

Benchmark bond yield hits 14-month high as oil surge fuels concerns

Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe

Bank of England holds rates; gilts fall as markets raise hike bets

Sterling remained higher on the day, at around $1.3297 and at around 86.30 pence per euro

Global investors unwilling to let go of Adani bonds despite global tensions

Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group's dollar bonds, despite a buyback by its ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ). On March 12, APSEZ, India's largest private port operator, completed a cash tender offer to repurchase parts of two series of US dollar-denominated senior notes, trimming its outstanding debt by about USD 199.5 million, people with direct knowledge of the matter said. The offer covered up to USD 345.1 million of 4 per cent notes due in 2027 and USD 150 million of 3.10 per cent notes due in 2031, suggesting a potential buyback of roughly USD 495 million. Yet bondholders offered back far less than that. APSEZ eventually accepted USD 102.1 million of the 2027 notes and USD 97.5 million of the 2031 notes, they said. In effect, more than 60 per cent of investors chose to keep their bonds, declining the opportunity to exit through the tender ...

Nabard, REC withdraw ₹11,000 cr bond issuances after weak investor demand

NABARD and REC withdraw planned bond issuances worth Rs 11,000 crore after receiving limited bids at higher yields, reflecting cautious sentiment in the debt market

ECB volumes may grow 25-30% to $65 billion in FY27: Citibank executive

Prolonged geopolitical tensions could pose headwinds

Govt bond yields rise as crude surges; RBI steps in with OMO purchases

Government bond yields rose on Friday as crude and OIS rates climbed, before the RBI announced ₹1 trillion of bond purchases to ease liquidity tightness expected from March tax outflows

Sidbi withdraws ₹8,000 crore bond issue as yields rise beyond comfort

Sidbi cancelled its ₹8,000 cr three-year bond issue after bids came at higher-than-expected yields, even as Bank of Baroda's green bond saw strong demand and priced tighter than comparable securities

How Iran war could impact oil, equities, forex: HSBC shares 3 scenarios

HSBC outlines three Iran war scenarios that could drive oil above $100, affect stocks, bonds and currencies as global markets react to ongoing conflict

IFSCA to seek Centre's nod to open insurance-linked securities to investors

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

RBI, money creation, and govt finances: Why non-bank debt will matter ahead

Large transfers and bond buys by the Reserve Bank of India have supported fiscal maths and liquidity; sustaining this when inflation or capital flows shift may prove harder

Nabard raises ₹6,779 crore via three-year bond at 7.01% cut-off yield

NABARD has raised ₹6,779 cr through a three-year bond at a 7.01% yield, as strong demand for AAA-rated short-tenor paper persists despite elevated sovereign yields and a subdued corporate bond market

Cabinet approves ₹1 trn Urban Challenge Fund to drive urban transformation

Centre approves Rs 1 trillion Urban Challenge Fund to catalyse Rs 4 trillion investment, promote market-led urban reforms and boost climate-resilient infrastructure

Nabfid, Hudco and Sidbi raise ₹12,000 crore from debt capital markets

Nabfid, Hudco and Sidbi raise nearly Rs 12,000 crore at tight rates, while Nabard plans a Rs 7,000 crore bond issue next week amid cautious market sentiment