Page 27 - Bonds

Selecting a target maturity fund based on your horizon and risk appetite

Constitution of underlying indexes doesn't matter since all the three categories of bonds they invest in are safe

M&G gets CCI nod for subscription of Trustroot Internet bond, warrants

The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release, the fair-trade regulator said it has approved the proposed deal. M&G Catalyst Capital Fund, Asia Pacific Fund and Prudential Assurance Company are collectively referred to as acquirers. The combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by the Trustroot Internet which convertible into the share capital of the company as per the terms and conditions set out in the subscription agreement in October 2022. Upon conversion of warrants, the acquirers will hold less than 5 per cent stake in ...

Spandana Sphoorty Financial to raise up to Rs 300 cr by issuing bonds

Microfinance lender Spandana Sphoorty Financial will raise up to Rs 300 crore by issuing bonds next week, the company said on Wednesday. The board of directors in a meeting held on November 16, 2022, has approved to issue market-linked rated non-convertible debentures (NCDs) with a base issue size of Rs 200 crore and green shoe option of Rs 100 crore, the company said in a regulatory filing. The tenure of bonds, to be allotted on November 22, 2022, have a tenure of 18 months. The company said the bonds will carry interest at 11.15 per cent per annum. Shares of Spandana Sphoorty closed 1.81 per cent down at Rs 560.65 apiece on BSE.

Crippled by huge losses, RSRTC seeks six-month time to repay bond

The last instalment, which the firm has requested an extension for, is worth Rs 124.72 crore

Govt bond trading volumes drop 25% in October as uncertainty builds

Traders step back from bonds post heavy losses in September; activity largely concentrated in the primary market

Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Bank of India launches special deposit scheme; raises interest on others

Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent

Foreigners turn sellers of Indian sovereign bonds on index disappointment

The outflow from the so-called Fully Accessible Route, or FAR, securities marked the first such withdrawal in seven months

Mahindra & Mahindra Financial Services raises Rs 275 crore by issuing bonds

Mahindra & Mahindra Financial Services on Monday said it has raised Rs 275 crore by issuing bonds on a private placement basis. A meeting of the committee of directors was held on October 31, 2022 and it approved the allotment of 2,750 secured redeemable principal protected non-convertible market linked debentures, the company said in a regulatory filing. The face value of the bond is Rs 10 lakh each, aggregating to Rs 275 crore. Mahindra Finance stock was trading at Rs 202.25, down 1.68 per cent on the BSE.

Indian firms to double fundraising via public bond sales in H2 FY22: Report

Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first

$121-million Individual bond sale on the anvil for Adani Enterprises

Adani Ports' seven dollar-denominated notes have lost about 14% on average so far this year, while Adani Electricity Mumbai's 2030 securities have retreated about 17%.

Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF

Milestone achieved within three years of launch of first tranche

State-owned NBFCs looking to tap into India's first sovereign green bonds

The finance ministry is yet to confirm their participation and draw broad contours of the bond issuance

Indices rebound on global cues despite high US inflation; Sensex rises 1.2%

Dip in dollar, bonds, and oversold markets boost global equities

Inclusion in global bond index: Waiting for Godot?

The wait is indeed getting longer but it's certainly not an absurd drama

Morgan Stanley-led banks face $500 million loss on Twitter debt to Musk

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

Sensex jumps 1,017 pts on RBI's 50-bps hike; Nifty nears 17,100; banks lead

CLOSING BELL: The benchmark indices snapped their seven-day losing streak as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement

Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA

The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red

Govt not keen on India's inclusion in global bond indices: FinMin official

Finance ministry official says not engaged in dialogue regarding it

10-year yield on US Treasury notes breaches 4% mark after 12 yrs

The benchmark US 10-year yield was little changed at 3.945 per cent after earlier climbing to 4.015 per cent.