SP Group entity Eqyizen Investment had raised 213.50 billion rupees through three-year zero-coupon bonds at a yield of 18.95% in July.
However, industry experts do not view the moderation as a structural reversal in demand.
Three companies have issued tokenised bonds worth Rs 1,025 crore so far; the pilot will test issuance, holding, trading and settlement using distributed ledger technology
The Basel III-compliant perpetual bonds will have a call option after five years, while the coupon rate is expected to be in the range of 7.85-7.90 per cent
The tech giant is looking to sell 3-year, 6-year, 12-year and 19-year bonds, according to the memo from one of the banks arranging the sale
The Mumbai-based firm is raising ₹200 crore ($21 million) through bonds with a maturity of about one year and a 10.5% coupon, payable quarterly
The move started after Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation, and was extended this week as energy prices rose on renewed conflicts in the Middle East
High-yield bonds can offer double-digit returns, but investors must weigh default, credit, liquidity and concentration risks before chasing higher yields
REC withdraws its planned ₹3,000 crore two-year bond issue after PFC pulled a ₹2,500 crore three-year offering earlier this week as investors seek higher premiums
The senior notes, issued through the bank's IFSC Banking Unit, will mature in August 2031 and follow its $600 million international bond issuance last week
The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields
Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger, allowing transactions to be completed almost instantly.
This follows recent proposals to ease fundraising and improve risk disclosure to support debt mkt
HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth. HDFC Bank , acting through GIFT City Branch, has completed the issue of USD 1.75 billion in senior unsecured bonds, the bank said in a regulatory filing. The private sector lender has raised USD 500 million with notes carrying a coupon rate of 5.159 per cent and maturing in three years, while the remaining USD 1.25 billion five-year paper carries a coupon rate of 5.4 per cent, it said. These papers will be listed on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX) , it added.
Market participants expect the 10-year bond yield to rise 1-2 bps and the five-year yield 2-3 bps as traders factor in the possibility of a December rate hike
One fear is that persistent geopolitical turmoil will make economies more prone to supply shocks and inflationary pressures.
IDFC First Bank on Wednesday said it has raised USD 500 million in debt, with global investors like BlackRock, Capital Group, and Alliancebernstein anchoring its maiden international bond issuance. The bank, through its IFSC Banking Unit at GIFT City, issued the bonds having a tenure of three years and a fixed coupon of 5.625 per cent. The notes were placed with investors outside the US in Regulation S format, IDFC First Bank said in a statement. This is the bank's first international bond issuance and marks its entry into the global debt capital markets. S&P Global Ratings has assigned a 'BBB-' long-term issuer credit rating with a stable outlook to the bond issuance. "The transaction was anchored by marquee global institutional investors, including BlackRock, Capital Group, Alliancebernstein, etc. Their participation reflects strong investor confidence in the bank's financial strength, growing franchise, prudent risk management and long-term prospects," it said. The successful .
NaBFID's ₹3,000 crore issue gets 2.8x bids on Friday
State Bank of India, acting through its London branch, has raised USD 500 million by issuing bonds at a coupon rate of 5.25 per cent. The 'Regulation S' bond is benchmarked against the 5-year US Treasury and priced at a spread of 88 bps over the benchmark, SBI said in a statement on Thursday. 'Regulation S' tagged instruments are exempt from registration requirements of the US Securities and Exchange Commission (SEC) and can be issued outside the United States. The bonds will be listed on SGX-ST, India INX and NSE-IX, it said. The transaction received an overwhelming response and saw strong interest from investors across geographies, with a peak order book of USD 2.46 billion with 145 investors. SBI Chairman CS Setty said, "The successful pricing of USD 500 million, during the ongoing global uncertainties, is a testament to the strong appetite for bonds of SBI and to the diversified investor base the Bank has in offshore capital markets, allowing it to efficiently raise funds from
RBI eases bulk deposit pricing The RBI has allowed banks to offer different interest rates on bulk deposits based on their liquidity profile under the Liquidity Coverage Ratio framework.