Signs of weakening economic growth worldwide raising questions over the degree of policy tightening by central banks
Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%
Opt for a mix of shorter-duration, target maturity, and dynamic bond funds
A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl
IIFL Finance is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday. The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing. "The board of directors of the company at their meeting held today, June 23, 2022, approved the raising of funds by way of issuance of secured redeemable non-convertible debentures with the shelf limit of Rs 50,000 million, in one or more tranches," it added. IIFL Finance is a non-banking finance company (NBFC), offering products such as home loans, gold loans, and business loans, including loans against property and medium & small enterprise financing, microfinance, developer and construction finance. It also offers capital market finance; catering to both retail and corporate clients. Its subsidiaries IIFL Home Finance Ltd and Samasta Microfinance Ltd -- are engaged in providing a diverse range of ...
This week, spread between weighted average 10-year SDL and 10-year GOI bond yield was up slightly to 37 bps from 36 bps earlier
The lender will do the repurchase at 97% of the principal amount of the notes.
The fintech firm's secured, rated, listed and redeemable non-convertible debentures (NCDs) have a total value of Rs 600 crore after including the greenshoe option of Rs 300 crore.
The non-banking finance company said the funds raised through this issue will be utilised primarily for lending activities of the company
RBL Bank on Tuesday said it has raised $100 million (about Rs 770 crore) through its first issuance of Basel III-compliant unsecured and subordinated tier 2 bonds.
A major bond market rout globally has prompted several Asian companies to revise their dent sale plans.
The funds will be raised in the period of next 12 months through private placement mode, subject to approval of shareholders among others
The RBI's hawkish approach has taken markets by surprise. It has kicked-off a rate tightening cycle to tame inflation that spiked to 6.95% in March. What're the investment options in this scenario?
Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.
The lender's board will consider the proposal at a board meeting on April 16
Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank
The Reserve Bank of India faces the challenge of keeping bond yields in check as the government kicks off an unprecedented 14.31 trillion rupees ($190 billion) of annual borrowing in April.
Three-year paper priced at 5.5%
The lender came up with a Basel-III compliant bond issue with base size of Rs 200 crore and green shoe option of Rs 600 crore
Shares of the bank closed at Rs 32 apiece on the BSE, down by 3.18 per cent from previous close