Page 6 - Bonds Market

FRAs back in vogue, help insurers in fixed rate of interest for payouts

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

Buy & hold debt funds as central banks begin rate hikes: Vivriti AMC CIO

Performing Credits are the structural opportunity, which are undiscovered and yield a high risk-adjusted return amid rising interest rates

PSB recap bonds fair valuing to dent Tier-1 capital up to 1.75%: Ind-Ra

The rating agency said it understands that the five recipient PSBs may need to value zero-interest bonds at fair value instead of par value

JSW Infra raises $400 million via seven-year green bonds at 4.95%

Will use proceeds to repay existing debt of the Company and its subsidiaries, and as permitted by RBI under ECB Guidelines

JSW Infra raises $400 mn in maiden bond issue from international investors

Sajjan Jindal-led JSW Group's port development arm on Friday announced a USD 400 million fundraise through a bond issue from international investors.

Bank of Baroda to raise up to Rs 3,000 crore via Basel III bonds

Shares of Bank of Baroda were trading at Rs 99.30 apiece on BSE, up 1.85 per cent from previous close

Rupee, bonds continue to fall despite Moody's outlook revision to stable

The government and the RBI have been engaging with global bond index providers such as Bloomberg, JP Morgan and FTSE for inclusion of government bonds

US bond tapering impact may hurt India, Indonesia less than other nations

Bonds from the two countries are already leading gains in emerging Asia this quarter, offering 3%-5% returns to dollar-based investors

'Natural' for global bond yields to rise from here, say strategists

"The Fed and markets are pretty close on when the first hike will be. It's the pace of hikes" where there is room for markets to close the gap, said Arjun Vij, portfolio manager of J.P. Morgan Asset

India bonds likely to gain as govt refrains from adding to borrowing plan

The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement Monday

HDFC plans Rs 6,000 crore bond issue to shore up long-term resources

The bids for subscription will open on September 29, 2021, and close on the same day

JSW Steel raises $1 bn through bonds issuance in overseas market

JSW Steel on Thursday said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market.

Power giant NTPC to raise Rs 3,000 crore via bonds on September 13

State-run power giant NTPC on Thursday said the company has decided to raise Rs 3,000 crore through issuance of bonds on a private placement basis on September 13.

Indiabulls Housing Finance to launch Rs 1,000-cr public issue of bonds

The issue is to be launched next week

Evergrande contagion fear returns as bonds tumble below 30 cents

Investors in China's $12 trillion bond market have become fixated on Evergrande as they weigh the ramifications of a potential default by the world's most indebted developer.

Markets could consolidate at current levels: Harshad Patil, Tata AIA Life

The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said

Bonds rally after RBI guv indicates accommodative policies will continue

"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview

Union Bank of India to raise up to Rs 1,150 cr by issuing bonds

Union Bank of India on Thursday said it has accepted bids to raise up to Rs 1,150 crore by issuing Basel III-compliant bonds.

ICICI Bank raises Rs 2,827 cr by issuing bonds on private placement basis

ICICI Bank on Tuesday said it has raised over Rs 2,827 crore by issuing bonds on a private placement basis. Its board of the directors in April this year had approved the fundraising through the issuance of debt securities. "Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," ICICI Bank said in a regulatory filing. The bank said the allotment date is June 15, 2021. The redemption date of the bonds is June 15, 2028. "There are no special rights/privileges attached to the bonds. The bonds carry a coupon of 6.45 per cent per annum payable annually and were issued at par," it added. The lender said it will list the bonds in the relevant segment. The bonds are rated 'CARE AAA stable' by Credit Analysis & Research and 'ICRA AAA stable' by ICRA. ICICI Bank's shares on Tuesday closed 1.57 per cent up at Rs 645.05 apiece on the BSE.

Asia's ESG bond issuances hit record $69 billion this year, no let-up seen

Bankers say the trend will continue