AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds
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
UCO Bank may also issue AT-1 bonds; banks raising funds amid strong loan growth
Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said
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
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 expressed reservations about floating rate bonds in next year's borrowing
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Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments
SpiceXpress, the cargo business, to be hived off into separate unit
"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
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 raises 1,150 cr against Rs 3,000 cr planned
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
BAFs see outflows for four months on the trot after inflows stayed in the green for two years
State-owned hydro power giant NHPC on Monday raised Rs 996 crore through the issuance of non-convertible bonds on private placement basis. "NHPC Limited has raised Rs 996 crore on February 20, 2023 through unsecured, redeemable, non-convertible, non-cumulative and taxable 7.59 per cent AD series bonds on private placement basis," according to a filing. The bonds are proposed for listing at Wholesale Debt Market (WDM) segment of BSE and National Stock Exchange (NSE).
Bonds allocated at coupon of 8.2% with call option on Feb 2033
As worries deepen for inflation in India, 10-year yield jumps and swaps reflect more rate hikes
Among the gainers were Adani Electricity Mumbai's dollar 2031 notes, which rose 0.7 cent to 72 cents as of 1.07 pm in Hong Kong
The Delhi-based lender has board approvals in place to raise Rs 12,000 crore in capital in FY23 through bond issuances