Page 2 - Bonds

Adani Group plans leverage cut, sees no dollar bond issue until 2027

The group's next foreign currency bond sale will likely be a dollar bond, said group Chief Financial Officer Jugeshinder Singh

Govt may raise interest subvention cap beyond ₹26 cr to promote muni bonds

In a bid to promote issuance of municipal bonds, the government is considering a proposal to hike interest subvention from the present Rs 26 crore per urban local body (ULB). Considering immense scope for expansion of municipal bond markets in a bid to develop world class urban infrastructure, there is a need to increase the ceiling of interest subvention from existing Rs 26 crore per urban local body, sources said. The interest subvention is provided to municipal bodies under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) to make such municipal bonds or muni bonds more attractive. The Rs 26 crore is the maximum interest subvention an ULB can receive from the Ministry of Housing and Urban Affairs (MoHUA) for issuing municipal bonds. The central government has extended the facility of 2 per cent interest subvention on such bond issues in order to incentivise this market and facilitate participation of more civic bodies. This interest subvention is on the total size of

Bloomberg seeks investor feedback on adding Indian bonds to global index

India currently has 41 securities under the fully accessible route (FAR), valued at $502 billion, with no foreign investment limits

Muthoot Finance raises $600 mn via ECB, completes $2 bn GMTN target

Muthoot Finance has raised $600 million via ECB, marking the final tranche under its $2 billion GMTN programme, with funds earmarked for lending expansion across India

Australia's ANZ to pay $160 mn over bond deal, customer violations

The penalties are a troubling milestone for Australia's fourth-largest bank, which last week announced 3,500 job cuts as new CEO Nuno Matos looks to improve profitability

Banks may turn to domestic bond market in H2FY26 for Tier-II bonds

After a lackluster first half in FY2026, banks are likely to turn to fresh Tier-II bonds to strengthen their capital base and to replace earlier issuances raised at a higher coupon rate

Alibaba to raise $3.2 bn via convertible bonds to fuel cloud, global push

The notes will mature in Sept 2032 via private sale to non-US investors; notes carry no interest but can be converted into US-listed shares, cash or a mix

Six states raise ₹14,900 cr in bond auction; Nagaland rejects bids

Six states borrowed Rs 14,900 crore at the weekly auction while Nagaland did not accept bids for its 10-year bond as long-term state bond yields fell sharply this week

IndiaBonds, Upstox join hands to offer bond investments to retail investors

IndiaBonds, a Sebi-registered broker and licensed online bond platform provider, on Tuesday said it has entered into a strategic alliance with Upstox to enable retail investors to avail a wide range of bond investments on the brokerage platform. Bonds are a fixed-income investment instrument offering regular, passive returns to investors looking for stability and steady growth in their portfolios. Through this integration, Upstox's over 1.3 crore retail investors can now access IndiaBonds' offerings on its platform, boosting retail participation in Indian bond markets. All transactions will be executed on IndiaBonds in compliance with Sebi's Online Bond Platform Providers norms and regulatory framework. Vishal Goenka, Co-Founder of IndiaBonds.com, said, "This is a very exciting collaboration which will open access to our wide range of 100+ Bonds for Upstox's large customer base. With this seamless tech integration, Upstox's customers who seek fixed-income investments for diverse ass

Limited room to buy bonds issued by states: India's biggest banks to RBI

Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year

European bonds face volatility as Dutch pension reform nears €2 trn mark

The Dutch central bank warned earlier this year of a risk to financial stability, and the complexity of the underlying mechanics means it's hard to get a grasp on the extent of any disruption

Indian bond yields surge as traders seek RBI intervention amid buyer strike

Alongside fiscal concerns, pension funds and insurers have shunned bonds in favour of equities, while large banks have slowed purchases amid mark-to-market losses on existing bond holdings

After a 4-month record in FY26, corporate bond issuances slow down in Aug

Market participants said that the bond market is currently in a wait-and-watch mode due to multiple uncertainties amid supply pressures from state bonds and central government bonds

Trump invested over $100 mn in bonds since taking office, disclosures show

Trump's bond investments also extend to a wide range of municipal projects across numerous US states, including New York, Florida, and Texas, Al Jazeera reported

Bond yields jump 10 bps on GST cut proposal, wipe out rating upgrade gains

The 10-year bond yield rose 10 basis points to 6.50 per cent on fiscal worries over GST cuts, reversing gains from S&P's sovereign rating upgrade earlier last week

India bonds slide on GST tax cut worries, wipe out S&P upgrade gains

Prime Minister Narendra Modi on Friday announced sweeping changes to the goods and services tax (GST) regime which will make daily essentials and electronics cheaper from October

BIAL to raise over $535 mn via second tranche of bonds by early Oct: Report

SBI Capital Markets was the arranger of the previous issue, and will also be the arranger for the second tranche, two of the sources added

NTPC gets shareholder approval to raise ₹18,000 cr via NCDs in tranches

State-owned NTPC on Thursday said it has received shareholders' approval to raise up to Rs 18,000 crore through issue of non-convertible debentures on a private placement basis. The fund will be raised in up to 12 tranches, through a private placement during the period commencing from the date of passing of the special resolution till completion of one year thereof, according to a regulatory filing. NTPC had issued a notice of postal ballot on June 23, 2025, to seek approval of the members by way of special resolution through remote e-voting regarding raising of funds through the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs), amounting up to Rs 18,000 crore. The said resolution has been passed with the requisite majority, the filing said on Thursday. On June 21, the company's board of directors considered and approved the draft notice of postal ballot in respect of seeking shareholders' approval for the issue

Two Tata Group firms plan India bond issues to raise ₹2,000 cr, bankers say

Tata Power Renewable Energy, a unit of Tata Power, is expected to raise about ₹1,000 crore via 10-year bonds, while Tata Communications may raise a similar amount through three-year notes

Vertis Infrastructure Trust raises ₹900 cr via sustainability-linked bond

The SLB is structured with predefined sustainability performance targets that link interest rates to the achievement of ESG outcomes, the InvIT claimed