Page 7 - Bonds Market

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

Sovereign gold bonds sales fetch Rs 25,702 crore till March end

A total of Rs 25,702 crore has been raised through the Sovereign Gold Bond (SGB) Scheme since its inception till end-March, according to the RBI annual report released on Thursday. The scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings. In 2020-21, RBI issued twelve tranches of bonds for an aggregate amount of Rs 16,049 crore (32.35 tonnes). "A total of Rs 25,702 crore (63.32 tonnes) has been raised through the scheme since its inception in November 2015," the annual report said. In the current fiscal, the government has decided to issue the bonds in six tranches from May 2021 to September 2021. The Reserve Bank of India (RBI) issues the bonds on behalf of the Union government. The subscription for the second tranche of scheme ends on Friday. The third tranche or 2021-22 Series III will open for subscription from May 31 June 4. The first

State Bank of India board to consider raising $2 billion through bonds

SBI is the country's largest lender

State-owned power giant NTPC to raise Rs 3,996 cr via bonds next week

The firm will issue non-convertible bonds on Tuesday

Regulator Sebi slaps Rs 25 crore fine on YES Bank in AT-1 bonds case

The fine relates to the matter of misselling the lender's AT-1 bonds few years ago

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

Additional tier-1 bond stand-off likely to spook corporate bond yields

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs

Low premiums on parts of Indian credit prompt calls for RBI help

Spreads on five- and 10-yr rupee corporate bonds diverging

Indiabulls Housing Finance raises Rs 1,091 cr via foreign currency bonds

The firm issued foreign currency convertible bonds

Wildest yield gap since 2001 boosts allure of bonds, shows data

The ratio between the nation's benchmark 10-year yield and the BSE Sensex index's current earnings yield is now at the highest level since 2001, dimming the appeal of equities

Sensex, Nifty rebound as yield pressure eases; ONGC, UltraTech gain

The progress in the US stimulus package and gross domestic product (GDP) growth in India for the quarter ended December 31, after two consecutive quarters of contraction, also helped sentiment

Best of BS Opinion: Rising bond yields, 'Aatmanirbhar Bharat', and more

Here's a selection of Business Standard opinion pieces for the day

Statsguru: Bond market pressure is getting reflected in the stock market

Bond markets are showing signs of nervousness, and yields on the 10-year government bonds are on the rise

How RBI should 'manage' the yield curve

None can question the central bank's policy of leaning against the rising yield but the problem is with the way it is being done

Unifying bond markets will allow use of common infra: Sebi's Ajay Tyagi

"Unification of government bond and corporate bond markets is an idea whose time has come," Tyagi said while speaking at CRISIL's 6th bond market seminar

With high interest rates likely, investors need to avoid long-term funds

Shorter-duration funds will benefit from being able to reinvest at regular intervals

Explained: Why is a rise in bond yields a concern for everyone?

A rise in sovereign bond yields means a rise in the interest rate in the economy

Message from market

RBI must be mindful of inflation risks of higher borrowing