Page 24 - Bonds

Centre clears 26th tranche of electoral bonds; sale from Monday

Karnataka will for polls on May 10. Votes, as per the Election Commission schedule, will be counted on May 13

Punjab National Bank board nod to raise Rs 12,000 cr in capital in FY24

It would raise capital by issuing AT-1 bonds upto Rs 7,000 crore and tier- II Bonds up to Rs 5,000 crore, in one or more tranches

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

Foreign investors have bought government bonds worth Rs 152.50 billion ($1.85 billion) on a net basis since November.

ReNew repays more than $1 billion to offshore bondholders in FY23

The company in a public statement said that over the past financial year, it had refinanced $525 million in the domestic markets ahead of the March 2024 maturity

Building urban India

Municipal bonds can play an enabling role

What are municipal bonds, and why do investors prefer them over corp bonds?

Municipal bonds are primarily issued to raise money for financing infrastructure projects like building parks, libraries, schools, police departments and community centres

G20 push: Over 30 big cities on list to tap municipal bond market

Surat, Vizag may issue bonds soon as Centre renews urban infra focus

Why debt funds may still score over bank FDs and bonds despite tax parity

Experts feel debt MFs will be more relevant in a falling interest scenario and work well for those who aren't sure about their investment horizon

Power Grid Corporation board okays raising Rs 600 crore via bonds

State-owned Power Grid Corporation's board has approved rasing up to Rs 600 crore through bonds to be issued on private placement basis. "Committee of directors for bonds, in their meeting held today i.e. on 24th March, 2023, have approved the raising of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd) issue 2022-23 on private placement up to Rs 600 crore by securitisation of cash flows of 10 years i.e. till FY 2032-33 of its operational SPV (special purpose vehicle) viz. 'POWERGRID NM Transmission Ltd' (PNMTL)," a BSE filing stated. It showed that the total issue size is Rs 600 crore, which includes base issue size of Rs 100 crore and green shoe option of Rs 500 crore. The bonds will be listed at BSE and/or NSE. Bonds are redeemable at par in 40 equal instalments and interest payment on quarterly basis, it stated.

Finance ministry asks public sector banks to share bond portfolio data

About 60 per cent of banks' investment book is in the HTM portfolio, analysts at Macquarie Research wrote

UBS buys back $3-billion bonds in bid to boost investor confidence

UBS is buying the bonds at the price at which they were sold rather than at market prices, which compensates investors after the sell-off earlier this week

What are AT1 bonds, and why are Credit Suisse's worth $17 bn now wiped out?

The wipeout of $17 billion worth of AT1 bonds in the UBS-Credit Suisse deal has spooked investors as they now assess if this can happen to their AT1 holdings in other banks as well

Credit Suisse failure unlikely to spook AT-1 bond investors in India

PNB likely to issue AT-1 bonds worth Rs 2,000 cr this week; yields not seen surging

US banking turmoil: Wipeout of risky bonds upends $275-billion market

UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG and assume up to $5.4 billion in losses

Credit Suisse tells staff bonuses will still be paid amid UBS takeover

There will be no changes to payroll arrangements and bonuses will still be paid on March 24, Credit Suisse said in an internal memo to staff

Credit Suisse's $17 bn of risky bonds are now worthless after UBS takeover

The bond wipe out is the biggest loss yet for Europe's $275 billion AT1 market, far eclipsing the only other write-down to date of this type of security

UCO Bank raises Rs 500 crore in AT1 bonds at 9.5%, highest rate in FY23

AT1 bonds are a means by which banks augment core equity capital

Investors should make staggered investment in long-duration funds

Be, however, prepared for interim volatility and have a horizon of above five years

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser