Page 4 - Bonds Market
Should investors opt for higher debt allocation in the next 12-18 months?
Historically, bond yields have traded in a band of 6-8% on an average given that inflation too has stayed in an range of 5-7% over the last decade.
 "Should investors opt for higher debt allocation in the next 12-18 months?")
'Managed investments to more than double to Rs 315 trillion by fiscal 2027'
Increase digitalisation, rising investor sophistication in terms of retirement planning, higher awareness and use of insurance, investment objectives aimed to beat inflation will contribute to this
 "'Managed investments to more than double to Rs 315 trillion by fiscal 2027'")
BoB to raise upto Rs 5,000 cr via 1st tranche of infrastructure bond
The bank had said that it will use the amount to fund business growth
 "BoB to raise upto Rs 5,000 cr via 1st tranche of infrastructure bond")
Yield spread between 10-year state bonds and G-secs widens further
Goa and Haryana secured lower cut-offs at 7.65 per cent, whereas Arunachal Pradesh experienced a higher cut-off
 "Yield spread between 10-year state bonds and G-secs widens further")
Bank of Baroda plans to raise up to Rs 15,000 crore through bonds
State-owned Bank of Baroda (BoB) on Saturday said it proposes to raise up to Rs 15,000 crore via bonds to fund business growth. The capital raising committee of the bank in its meeting held on Saturday has approved the issuance of Rs 2,000 crore Tier II/sub debt bond with the greenshoe option to raise another Rs 3,000 crore totalling Rs 5,000 crore (10 years with call option at the end of 5 years), BoB said in a regulatory filing. The bank has further decided to issue Infrastructure Bonds amounting to Rs 2,000 crore with a greenshoe option to raise an additional Rs 8,000 crore totaling the issue size of Rs 10,000 crore (tenure up to 7 years), it said.
 "Bank of Baroda plans to raise up to Rs 15,000 crore through bonds")
Grip partners with wealth-tech platform to offer fixed-income products
Under the collaboration, Grip will introduce its products such as Securitised Debt Instruments (SDIs) and corporate bonds, to Centricity's platform
 "Grip partners with wealth-tech platform to offer fixed-income products")
Floating rate savings bond: Is it worth it or should you stick to an FD?
he interest rate of a floating rate bond is linked to a benchmark rate decided at the time of bond issuance. This interest rate is revised quarterly, half-yearly or annually as announced at the time o
 "Floating rate savings bond: Is it worth it or should you stick to an FD?")
Govt cautious of unexpected spike in sovereign bond yields: Official
"If (government bond) yields go beyond tolerance level, we will take appropriate remedial actions," the official said, without giving details
India's inclusion in EM bond index can spark higher FX volatility: Bankers
The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate
Surety bonds must complement bank guarantee: Irdai's Debasish Panda
According to Irdai norms, a surety bond is a contract to perform the promise, or discharge the liability, of a third person in case of his default
 "Surety bonds must complement bank guarantee: Irdai's Debasish Panda")
New 10-year bond set to become benchmark after auctions: Dealers
Typically, a new bond becomes a benchmark after it becomes the most traded one in the secondary market
 "New 10-year bond set to become benchmark after auctions: Dealers")
Bond auction: 7 states borrow Rs 10,400 crore; Tamil Nadu tops the list
The long-term investors opt for state bonds rather than government bonds due to higher returns, dealers said
 "Bond auction: 7 states borrow Rs 10,400 crore; Tamil Nadu tops the list")
Indian state-run banks to be cautious buyers of govt bonds as yields rise
Bond yields started rising after the Reserve Bank of India's June monetary policy decision pushed out hopes of a rate cut to February, with many participants expecting one only next financial year
 "Indian state-run banks to be cautious buyers of govt bonds as yields rise")
Charts:182 of 200 firms in BSE 200 index see profit rise by 5% on year
FPI flows are a major contributor to volatility spillovers in various segments of Indian financial market
 "Charts:182 of 200 firms in BSE 200 index see profit rise by 5% on year")
Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds
Gets bids worth Rs 3,605 cr
 "Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds")
Adani Group to consider privately placed bond offerings for 3 subsidiaries
If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani since shortseller Hindenburg Research alleged fraud and stock manipulation
 "Adani Group to consider privately placed bond offerings for 3 subsidiaries")
European banks to Asian corporates, global bond sales reach nearly $600 bn
Financial firms have led the charge in global issuance this year as a sector, with year-to-date sales topping $250 billion
 "European banks to Asian corporates, global bond sales reach nearly $600 bn")
Govt bond market likely to see an explosion of new products in FY24
All the state governments now have a significant presence in the bond market, having sharply lowered their dependence on the Centre for borrowing ever since Covid struck
 "Govt bond market likely to see an explosion of new products in FY24")
Axis Bank tops Re-bond league table for 16th consecutive year in 2022
Total issuances in the year rose to Rs 4,83,770 crore, from Rs 4,17,055 crore in 2021
 "Axis Bank tops Re-bond league table for 16th consecutive year in 2022")
Rupee, bonds take a sharp knock as Fed maintains aggressive stance
The domestic currency has depreciated over 10% against the greenback so far this year
 "Rupee, bonds take a sharp knock as Fed maintains aggressive stance")
