Punjab & Sind Bank will raise funds through the sale of certificates of deposit maturing in three months
Reliance Jio, ICICI Securities, and Godrej Industries to issue 3-month CP
The company also said it plans to buy back $130 million of the 3.375% senior notes in each of the next four quarters
Invest in individual bonds only if you can analyse and monitor the credit profile of companies
Bank's board of directors has given it the go-ahead to raise up to Rs 6,500 crore in FY24
In a Q&A, President & CEO of the US-based firm says Carbon capture, utilisation and storage tech offers the best solution to decarbonising existing industrial units over next two decades
As for floating rate bond (FRB) maturing in 2024, for conversion into paper to be redeemed in 2032
In March, NHB raised Rs 1,900 crore through bonds maturing in three years and 10 days at a coupon of 7.77%, and this issue had a put and call option at the end of one year
It raised Rs 760 crore of term money through five-year bonds at 7.9 per cent coupon. The base issue size was Rs 350 crore, with greenshoe option of Rs 1,750 crore, bond dealers said
Vedanta informed the stock exchanges in a communication on Monday that a committee of directors would meet on April 13 to consider the issuance of NCDs on a private placement basis
Previous largest bond raise was by SBI at over Rs 38,850 cr in FY23
The board will meet on April 18 to consider the fund raising
The 10 year g-sec yield is expected to be at 7.0 per cent as against 7.21 per cent currently by end March 2024
The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows
The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052
The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said
The yield fell 14 basis points in March, its first monthly fall since November, but rose 48 bps in fiscal 2023, and recorded its third consecutive rise
The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity
Citi expects states to borrow around 8.7 trillion rupees, and the crowding out is likely to prompt investors to demand higher returns for state bonds
Shields banks from adverse impact from bond portfolio