Order book settled at about 1.6 times the deal size, below this year's average for US investment-grade bonds, as AI-related debt issuance continues to surge
India Infrastructure Finance Company on Sunday said it has raised Rs 1,848 crore by issuing non-convertible debentures (NCDs) to fund infra projects in the country. The issue attracted an overwhelming response from investors, attracting bids worth Rs 3,048 crore, representing nearly 6 times the base issue size of Rs 500 crore, India Infrastructure Finance Company Ltd (IIFCL) said in a statement. Finally, IIFCL decided to retain Rs 1,848 crore with a coupon of 7.25 per cent per annum. The bonds have a maturity of 4 years, 11 months and 2 days. The successful issuance reflects the strong confidence of institutional investors in IIFCL's sound financial position, prudent governance practices and its strategic role as the government's dedicated infrastructure financing institution, it said. The Board of IIFCL has approved an ambitious resource mobilisation programme of Rs 34,200 crore for 2026-27 to support the growing financing requirements of India's infrastructure sector, it said, ..
Governor Sanjay Malhotra says investor-friendly measures are being rolled out as India seeks inclusion in Bloomberg's Aggregate Bond Index
FPIs pull out nearly ₹13,000 crore in June and the rupee continues to be under pressure
Expectations of cash withdrawal operations and a possible increase in banks' cash reserve ratio are seen limiting further gains in short-term bonds
State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at Rs 1,040.25, up 1.39 per cent over previous close on BSE.
Benchmark 6.94 per cent 2036 yield seen at 6.85-6.90 per cent after US rate-hike signals lift Treasury yields
Global fund managers are turning more positive on India, citing improved policy flexibility and stronger differentiation from other emerging bond markets
The amount raised exceeded last week's mobilisation but fell short of the indicated borrowing calendar, with yields supported by softer government bond rates
Seeking to shore up the rupee and interest in bonds, India last week announced tax cuts for overseas bond investors and a host of measures aimed at boosting inflows and improving market access
Both banks are targeting to raise around $500 million through five-year dollar bonds
After securing entry into JPMorgan, Bloomberg EM and FTSE Russell indexes, India is now pushing for inclusion in Bloomberg's Global Aggregate Index
Indian corporate bond yields have eased after the Reserve Bank of India maintained key policy rates unchanged last week, providing some relief to the market
Global funds bought ₹4,490 crore ($469 million) worth of index-eligible bonds on Friday, the most since June 30, 2025, when the government scrapped taxes on overseas investment in govt securities
India's possible inclusion in Bloomberg's global bond benchmark could bring foreign inflows, lower borrowing costs and deepen global participation in its debt market
Mastering basic terms helps beginners understand risks, evaluate opportunities and avoid mistakes
Regulator also plans bond ETFs, derivatives on corporate bond indices
Customs warehousing waivers, import monitoring timelines and bill of lading rights hinge on strict statutory interpretation
Bond yields show the return investors demand for lending money. When yields rise, borrowing becomes costlier for governments, companies and consumers across the economy
The dispute stems from the 2020 reconstruction of Yes Bank, when Rs 8,400 crore of AT1 bonds were written down as part of the RBI-led rescue plan