Page 25 - Bonds

Mindpsace REIT raises Rs 550 cr through green bonds to refinance loans

Mindspace Business Parks REIT (Mindspace REIT) has raised Rs 550 crore through an issue of green bonds. In a regulatory filing, Mindpsace REIT stated that the Executive Committee of the manager (K Raheja Corp Investment Managers LLP) has approved the allotment of 55,000 green debt securities in the form of listed, rated, secured, noncumulative, taxable, transferable, redeemable non-convertible debentures of Rs 1 lakh each aggregating to Rs 550 crore by way of the private placement. The tenure of the Non-Convertible Debentures is three years and thirty days at a fixed quarterly coupon of 8.02 per cent per annum payable quarterly. The issue saw participation from leading insurers, mutual funds, and other investor classes. The proceeds will be used towards refinancing loans availed by one of the asset SPVs (special purpose vehicle) to fund the eligible green projects. Mindspace Business Parks REIT, sponsored by the K Raheja Corp group, got listed on the bourses in August 2020. It owns

Mindspace raises Rs 550 cr through green bond to finance projects

Issue had participation from leading insurers, mutual funds, other investors: Real estate firm

Outflows in debt MFs continue, Rs 13,815-crore withdrawn in February

Mutual funds focussed on investing in fixed-income securities witnessed an outflow of Rs 13,815 crore in February, making it the third month of withdrawals in a row despite expectations that the rate hike cycle was nearing its end. In comparison, such funds saw an outflow of Rs 10,316 crore in January and Rs 21,947 crore in December. Prior to that, debt funds saw a net infusion of Rs 3,668 crore in November 2022, data from the Association of Mutual Funds in India (Amfi) showed. Of the 16 fixed-income or debt fund categories, nine witnessed net outflows during the month under review and the remaining six saw inflow. The heavy withdrawal was seen from liquid funds. Overall, debt funds continued to witness outflows at Rs 13,815 crore during the period under review. "With the central bank's focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the

Silicon Valley Bank crisis unlikely to affect Indian banks, say analysts

Have exposure to bigger banks only, not small ones: SBI chairman Khara

Troubled Silicon Valley startup bank spooks share markets, bonds rally

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%

Power Grid Corporation board approves raising up to Rs 900 cr via bonds

State-owned Power Grid Corporation of India on Monday said that its board has approved raising up to Rs 900 crore through issuance of non-convertible bonds on private placement basis. "Committee of Directors for Bonds, in their meeting held today i.e. on 9th March, 2023, have approved the raising of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXI (71 st) issue 2022-23 on private placement up to Rs 900 crore by securitization of cash flows of 10 years i.e, till FY 2032-33 of its operational SPV viz., 'POWERGRID Mithilanchal Transmission Ltd (PMTL)'," a BSE filing said. The base issue size will be Rs 300 crore with green shoe option of Rs 600 crore. The issue will be listed on NSE and/or BSE Ltd. In a separate filing, the company said, "Power Grid Corporation of India Ltd has been declared as successful bidder under tariff based competitive bidding to establish inter-state transmission system for Transmission System Strengthening Scheme for ...

SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option

AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds

64.74% of electoral bonds redeemed between March 2018 and November 2022

An individual can buy bonds, either singly or jointly with other individuals. No limit exists on the number of electoral bonds that a person or corporate entity can purchase

State Bank of India likely to sell Rs 5,456-crore AT1 bonds next week

UCO Bank may also issue AT-1 bonds; banks raising funds amid strong loan growth

After Bajaj Allianz, New India Assurance gets into surety bonds business

Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said

Commercial paper rates may rise further as liquidity dries up, say analysts

Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago

Adani Group bonds flash warnings even as $153 billion stock rout eases

But a closer look at billionaire Gautam Adani's empire shows that while fears of a debt blowup in the next three years have receded, investors still have doubts

Banks request RBI to include more long-term bonds in H1 FY24 borrowing

Banks expressed reservations about floating rate bonds in next year's borrowing

Top headlines: Apple creates new jobs, India's derivate bond trade at risk

Business Standard brings you the top headlines at this hour

$19 bn derivative bond trade in India at risk from Modi's new tax

Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments

SpiceJet debt recast: Carlyle Aviation to pick up 7.5% stake in airline

SpiceXpress, the cargo business, to be hived off into separate unit

Indian banks to issue bonds to maintain capital levels: CARE Ratings

"To support credit-off take, banks are expected to shore up their liability franchise by raising capital (AT1 bonds, other debt instruments such as infrastructure bonds) and deposits," it said

HDFC Bank raises $750 million via dollar bond sale, to pay coupon of 5.686%

The country's largest private sector lender HDFC Bank on Thursday announced that it has raised USD 750 million through a dollar bond sale. The bank said it will be paying a coupon of 5.686 per cent for the three year bonds, according to an exchange filing. The paper, rated Baa3 by Moody's Rating Services and Bbb by S&P, will be listed on the India International Exchange, it said. The USD denominated senior unsecured instruments will be redeemed on maturity in March 2026. The HDFC Bank scrip had closed 0.69 per cent down at Rs 1,603.35 a piece on the BSE on Thursday, as against a 0.23 per cent correction on the benchmark.

LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields

LIC Housing raises 1,150 cr against Rs 3,000 cr planned

RBI may set cutoff yield on 10-yr state bonds in 7.69%-7.71% band: Poll

Indian states will aim to raise an aggregate of 207.37 billion rupees ($2.51 billion) on Tuesday through the sale of bonds maturing between seven years and 30 years