It will also raise around ₹4,200 crore through the sale of three-year bonds, with large foreign lenders set to absorb this supply
State Bank of India (SBI) on Wednesday said it will raise up to Rs 20,000 crore via issue of bonds to domestic investors in current fiscal year. In a regulatory filing, SBI said its board has "accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of Rs 20,000 crore to domestic investors during FY26, subject to GOI approval wherever required". Shares of SBI were trading at Rs 831, up 1.74 per cent over previous close on the BSE.
LIC fully subscribes to Adani Ports' Rs 5,000 crore 15-year bond issue at 7.75% in a privately negotiated deal, as other firms struggle to raise targeted amounts
On May 20th, 2025, UGRO has announced a capital raise of more than Rs. 1300 crore which would increase its capital adequacy from current 19.4 percent to 29.4 percent
Foreign inflows might see a further rise amid an aggressive rate cutting cycle on growth/trade headwinds and well-behaved inflation as well as a stable currency
Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September
The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low
RBI's rate cuts anticipated from early next year on slowing economic growth, continued index-inclusion-related foreign inflows and strong demand from local pension and insurance companies
The Supreme Court has said courts cannot impose a condition on the accused to furnish bail bonds after six months of the passing of the bail order. A bench of Justices Bela M Trivedi and Satish Chandra Sharma said if the court was satisfied on merits, it should either grant bail or reject it. On October 24, the apex court dealt with a petition filed by a man who had challenged an order of the Patna High Court, directing him to furnish bail bonds after six months in a case against him under the Bihar Prohibition and Excise Amendment Act. The man was, therefore, directed to be released by the trial court on bail upon furnishing bonds of Rs 10,000 with two sureties of the like amount. While dealing with his plea, the top court noted, "This is one of the few orders we have come across in last few days passed by the high court, in which, without deciding the matter on merits, the high court has granted the bail to the present petitioner, subject to the condition that the petitioner-accu
Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised USD 300 million by exercising the tap option on the existing bond issue. A tap issue is a procedure that allows companies to issue bonds or other short-term debt instruments from past issues. In a Singapore exchange filing Vedanta Resources Finance II PLC (VRF), a wholly-owned subsidiary of Vedanta Resources Ltd, said it has exercised a tap option on its September USD 900 million bond issuance, raising a further USD 300 million at a yield of 9.99 per cent, continuing its liquidity management exercise. The new issuance received final orders of over USD 500 million, an oversubscription from existing and new investors. Sixty-seven per cent of the allottees were from the Asia Pacific (APAC) region, 26 per cent from Europe and the Middle East, and seven per cent from the Offshore United States. The bonds are rated 'CCC+' by S&P Global Ratings. "The net proceeds from the tap option will be ...
Global index provider FTSE Russell said it will include India's sovereign bonds in the Emerging Markets Government Bond Index from September 2025, potentially drawing billions of dollars into bonds
The two-year JGB yield was up 3.5 bps to a two-month high of 0.4 per cent
The 10-year U.S. yield rose to its highest level in nearly two months following the data, and came within a touching distance of the critical 4 per cent mark
The slower deposit growth will push banks to mop-up up to Rs 1.3 lakh crore from bond issuances in FY25, a report said on Tuesday. The bond issuances, coming amidst a continuing wedge between deposit and credit growth, will come between Rs 1.2-1.3 lakh crore and will be the highest ever for the system, the report said. Nearly 85 per cent of the bond issuances will be by public sector banks, the report by domestic rating agency Icra said, adding that the higher appetite for infra bonds among such lenders will drive the market. "Tight liquidity conditions and credit growth continuously surpassing deposit growth has necessitated fundraising by banks from alternate sources," the agency said. Banks had raised Rs 1 lakh crore from the bond issuances avenue in FY24, while the previous all-time high was reached in FY23 at Rs 1.1 lakh crore. With the mid-fiscal year mark approaching, the report said banks have already raised Rs 76,700 crore from bonds till now, which is an over 225 per cen
US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
The RBI typically sells or buys bonds to adjust banking system liquidity and rates in the market to align with monetary policy
Investors continue to gauge the pace of foreign inflows into Indian government bonds over the next few days after an underwhelming response so far
India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs
While details are not finalised, the central bank could trim monthly purchases or clarify plans to proceed with a slow but steady taper