Page 10 - Bonds

Second sovereign green bond auction of FY25 receives a muted response

The first green bond auction of this financial year was cancelled on May 31 for similar reasons

Longer tenure bond yields harden after RBI's FAR securities curb

Inflows into shorter tenure bonds likely to be boosted

Foreign investors unhappy after India restores curbs on some bond purchases

The decision had been made in consultation with the government, the Reserve Bank of India added, but gave no reason

SAEL Group issues bonds worth $305 million in international markets

Domestic renewable player SAEL Group on Friday said it has issued green bonds worth USD 305 million in the international markets. The bonds have been issued for investors from the US, Europe and several Asian countries, the company said in a statement. "The USD 305 million (approximately worth Rs 2,500 crore) green bond was jointly issued by SAEL along with 5 wholly-owned subsidiaries together referred to as 'The Restricted Group'," the statement said. The proceeds will be used to expand the company's renewable energy portfolio, which currently stands around 4 GW, it added. SAEL Group aims to increase the portfolio of solar and waste-to-energy assets to 5 GW by the next two years, its Chief Investment Officer Varun Gupta said. In response to the bonds issues, he said, "The record order book oversubscription for SAEL's debut issuance by more than 6x reaffirms the faith of investors in SAEL's business model and the opportunities presented by renewable industry". SAEL Group is an ..

Bank of India raises Rs 5,000 crore via 10-year infrastructure bonds

SBI has raised Rs 20,000 crore through infra bonds while Canara Bank has raised Rs 10,000 crore

Rs 32,619 cr and rising: India Inc back with overseas bonds in 2024

Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing

L&T Finance planning to resume retail bond issuance in H2FY25: CFO Joshi

Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates

World Bank looking to issue first 'drought' bond in next 12-18 months

The drought bond would be a new instrument in the multilateral lender's suite of so-called cat bonds - fixed income instruments that pay out to countries in the event of a natural disaster

Govt deposits Rs 92 cr to clear immediate bond interest dues of MTNL

The government has stepped in to make a Rs 92 crore payment towards bond dues of MTNL, a government source said, adding that another Rs 64 crore would also be paid in coming days towards interest obligations that are slated to become due in August. The helping hand from the government is significant as it averts a crisis-like situation for the telecom corporation which has been teetering on the brink with regard to its debt obligations, particularly in this case government-guaranteed bonds. Last week, the debt-laden firm had expressed its inability to make interest payments to certain bondholders due to paucity of funds. The government sources said Rs 92 crore is being deposited in an escrow account for payment towards interest on bond dues. Another Rs 64 crore would be paid later this month to clear interest dues that slated to come up in August, sources said. The second semi-annual interest (7.59 per cent) on certain bonds is falling due on July 20, 2024. Amid mounting financial

Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

Govt bond yields marginally down ahead of fresh supply via debt auction

The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September

Aramco looks to raise at least $3 bn from first bond sale in three years

The Saudi government and its various units have been borrowing vast amounts this year, topping China as the biggest issuer of international debt among emerging markets

Canara Bank plans to raise Rs 10K cr through infrastructure bonds in FY25

A Canara Bank official said it expects to raise part of this amount this quarter (Q2FY25) itself, subject to market conditions. It is part of the efforts to diversify sources of funding

Indian sovereign bond inflows cool for second week amid index inclusion

Inflows into the so-called fully accessible route bonds, slowed to 35.9 billion rupees ($430 million) in the week through July 5, from 46.6 billion rupees in the previous week

Debt funds set to hit mother lode with double-digit gains in 2024

Easing G-sec yields put long-duration, gilt funds on winning track

Greenko Group gets $743 million credit line to refinance dollar bonds

The clean energy company, backed by Singapore's GIC sovereign wealth fund, will draw on the newly sanctioned credit line to refinance two sets of dollar bonds maturing in January and July 2025

Indian govt bond yields marginally down as US peers come off highs

Investors continue to gauge the pace of foreign inflows into Indian government bonds over the next few days after an underwhelming response so far

Wall Street maps out what a Trump election win would mean for bond market

Buy-side investors like Jack McIntyre, a portfolio manager at Brandywine Global Investment Management, are increasingly taking note.

NaBFID raises Rs 5,000 cr via bonds, gets oversubscribed by 6 times

The National Bank for Financing Infrastructure and Development (NaBFID) on Tuesday said it has raised Rs 5,000 crore by issuance of listed bonds. The issue received overwhelming response from the investors with bids of Rs 12,287 crore, NaBFID said in a regulatory filing. The bonds were oversubscribed 6 times, against the base issue of Rs 2,000 crore. The unsecured non-convertible, 'AAA' rated with stable outlook, debt securities have been issued at an annualized coupon rate of 7.43 per cent for a 10 year-tenure. This represents a spread of 26 basis points over the corresponding Financial Benchmarks India Pvt Ltd (FBIL) GSec par yield curve, it said, adding, the total number of bids received was 131, indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, banks etc indicating the trust of investors across segment, it said. "This issuance is also very significant as NaBFID has been successful in raisi

RBI keeps floating rate savings bond interest rate for July-Dec at 8.05%

Interest rate on bonds is reset twice a year, with investors receiving interest payments semi-annually on January 1 and July 1