Page 29 - Bonds

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.

Decoded: What are green bonds and how much will be the govt issue?

Green bonds are debt instruments the proceeds of which are utilised to finance projects that are beneficial to the environment

Equity investors in for tougher time as markets face sharp downside risk

Yield spread between Sensex earnings and US 10-yr G-Sec narrowest in 12 years

Bonds, rupee strengthen as crude oil prices fall below $90 a barrel

Hope of global index inclusion drags down bond yields, FPI flows bolster rupee

HDFC Bank raises Rs 3,000 crore from bonds to fund business growth

Private sector lender HDFC Bank on Thursday said it has mobilised Rs 3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing. These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, it added.

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%

Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise

Amid inflation, global bonds enter their first bear market in a generation

Soaring inflation and the steep interest-rate hikes deployed by policy makers in response have brought to an end a four-decade bull market in bonds

India wants local settlement if its bonds join global index, says report

Media reports last week said JP Morgan had started new consultations with investors about adding India to its emerging market index, rekindling expectations of an imminent listing

National Highways Infra Trust to raise Rs 2,350 cr via bonds, bank loans

To fund acquisition of three projects from NHAI, with which it will sign a concession agreement for 20 years

Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds

Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said

Banks' AT-1 bond issuances may decline to Rs 20,000 cr in FY23: Report

The issuance of Additional Tier-1 (AT-1) bonds by banks is likely to more than halve to Rs 20,000 crore this fiscal compared to the all-time high amount of Rs 42,800 crore raised in FY22, says a report. AT-1 bonds are those debt instruments without a terminal maturity date. In FY22, a majority of the funds raised through the instrument were to refinance bond issues done in FY17, Icra Ratings said in the report on Monday. Majority of the bonds have a call option in the fifth year, resulting in the significant jump in new issuances which are basically for refinancing the earlier obligations. The issuances in FY17 stood at Rs 32,100 crore for the state-owned banks and Rs 10,900 crore for private sector lenders. In FY18, the amounts stood at Rs 10,900 crore and Rs 23,500 crore, respectively, Icra said. According to the report, lenders have already refinanced the FY18 bonds because of the lower interest rates in FY22. Lenders have already raised Rs 5,320 crore from the instrument in t

Goldman Sachs sees India bonds getting added to JP Morgan index in 2023

The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches

PGCIL to seek shareholders' nod to raise up to Rs 6,000 cr via bonds

State-owned Power Grid Corporation of India (PGCIL) will seek shareholders' approval on August 29, to raise up to Rs 6,000 crore through the issuance of bonds during the financial year 2023-24

SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end

Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth