Page 3 - Bonds

Fund Pick: Aditya Birla Sun Life outrunning rate hounds tactically

Nimble duration calls gave fund agility to sidestep rate shocks and seize yield pockets

ICICI Bank raises ₹1,000 cr via Tier-II bonds at 7.45% amid demand

The lender's first Tier-II bond issue in FY26 drew strong investor interest, allowing tight pricing despite rate volatility; bonds have 15-year maturity with 10-year call

RBI bond holdings hit record high, may ease in months ahead, say traders

The RBI's bond holdings rose to 12.78per cent of the outstanding issuances as of March-end from 10.55 per cent at December-end, according to RBI data

Signature Global plans to raise ₹875 crore via NCDs to fuel expansion

Realty firm Signature Global plans to raise up to Rs 875 crore through non-convertible debentures on a private placement basis to fund business growth. In a regulatory filing on Wednesday, Signature Global informed that the Board has approved the raising of funds by issuance of secured listed redeemable non-convertible debentures (NCDs) for an amount not exceeding Rs 875 crore on private placement basis, in one or more series/tranches. The board also approved the notice of postal ballot for seeking shareholders' approval for the issuance of NCDs, enhancement of borrowing limit, enhancement of limit for the creation of security and alteration of Articles of Association of the company. Gurugram-based Signature Global is one of the leading real estate developers in the country. In 2024-25, the company emerged as the fifth-largest listed real estate firm in terms of sales bookings. The company sold properties worth Rs 10,290 crore in the last fiscal and is targeting Rs 12,500 crore in

IndiaBonds raises ₹32.5 cr in first funding round to boost growth

IndiaBonds.com, a Sebi-registered online bond platform provider, on Wednesday said it has raised Rs 32.5 crore (USD 3.77 million) in its first external funding round. The round was led by a curated group of marquee individual investors from the investment and technology sectors, many of whom bring deep experience and strategic insight in scaling financial and digital platforms, it said in a statement. This milestone marks a significant step forward for the company, which has been entirely bootstrapped for over four years driven solely by the personal capital of its founders Aditi Mittal and Vishal Goenka, it added. "This round allows us to continue on a high growth trajectory, and we are only likely to look at institutional funding from sometime next year," Vishal Goenka, Co-Founder of IndiaBonds, said. IndiaBonds offers a seamless digital platform for retail and institutional investors to discover, assess, and invest in a range of fixed income products, including corporate bonds,

Major companies to tap debt market to raise over ₹10K cr this week

Amid geopolitical tension and RBI's hawkish outlook, major Indian companies including ICICI Bank and APMDC are issuing bonds to raise over ₹10,000 crore

NTPC board seeks shareholders nod to raise up to ₹18,000 cr via bonds

Power giant NTPC will seek shareholders' nod to raise up to Rs 18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. State-owned NTPC on Monday issued a notice of postal ballot to seek approval of the members by way of special resolution through remote e-voting regarding raising of funds through the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs), amounting up to Rs 18,000 crore, according to a regulatory filing. The fund will be raised in one or more tranches/series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of the special resolution till completion of one year thereof. On June 21, the company's board of directors considered and approved the draft notice of postal ballot in respect of seeking shareholders' approval for the issue of these NCDs. The company fixed June 20, 2025, as the ...

State-run firms delay zero-coupon bond issues on weak investor demand

Deep-discount bonds are typically issued at a discount of over 20per cent-25per cent to their face value and do not pay interest

Canara Bank to raise up to ₹9,500 crore capital through bond issuance

The capital raising initiative is aimed at strengthening the bank's capital adequacy, supporting future business growth and ensuring compliance with Basel III norms

Indian Oil withdraws 5-year bond issuance on higher-than-expected yield

Indian Oil Corporation withdraws Rs 3,000 crore bond offer as yield crosses expected levels, despite strong demand and competitive pricing post-policy announcement

Zero-coupon bonds struggle to retain investor demand amid mkt trend shifts

Monetary-policy easing, an abundant liquidity infusion, and a cut in the cash reserve ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on bond yields

Hudco board approves ₹750 crore fundraise via non-convertible debentures

The base issue size is ₹500 crore, with an additional green-shoe option of ₹250 crore

Shorter Indian bonds set to gain further on RBI's record dividend payout

The yield on the five-year note has declined more than 50 basis points since April 1, outpacing the 33 basis-point decline on the 10-year note

Apollo in talks to invest $750 million in Adani's Mumbai Airport bonds

The MIAL bond issuance is likely to close in the next few weeks and has drawn interest from several US-based financial institutions led by Apollo

IRFC raises ₹3,000 crore via 5-year bonds at record 6.65% cut-off

Strong demand, easing inflation, and RBI's expected rate cuts help IRFC raise ₹3,000 crore through five-year bonds at the lowest ever cut-off yield of 6.65 per cent

Rupee gives up early gains as traders unwind long positions, bonds rally

The benchmark 10-year government bond yield fell by 5 basis points (bps) to settle at 6.33 per cent, against the previous close of 6.38 per cent

Exim Bank withdraws planned 10-yr bond issuance over high yield demands

The bank had planned to raise Rs 2,500 crore through 10 year bonds. The base issue size was Rs 500 crore and the green shoe option was Rs 2,000 crore

Domestic cos may go slow on long term bond issuance plans briefly

Escalating geopolitical tensions may prompt issuers to delay long-term bond issues amid uncertainty, though RBI support is keeping yields stable for now

MTNL defaults on interest payment for sovereign guarantee-backed bonds

Debt-ridden state-owned telecom operator MTNL has failed to make interest payments of sovereign guarantee-backed Rs 6,100 crore bonds as per stipulated norms, the company said in a regulatory filing. MTNL issued 5,000 government-guaranteed, unsecured, rated, listed, redeemable, non-convertible, and taxable bonds in the nature of debentures for an aggregate amount of Rs 6,109.6 crore in November 2022. As per the payment mechanism of the Tri-Partite Agreement (TPA) signed among MTNL, the Department of Telecommunications (DoT) and Beacon Trusteeship, MTNL has to fund the semi-annual interest into an escrow account with an adequate amount 10 days before the due date. "...it is informed that due to insufficient funds MTNL could not fund the ESCROW Account with the adequate amount," the state-owned firm said. As per the terms of the bond agreement, the sovereign guarantee will be invoked by the debenture trustee in case of any default is made by MTNL in payment of principal and interest

Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel

Anil Agarwal-led Vedanta Resources Ltd (VRL), as part of its deleveraging exercise, has proposed to repay USD 920-million debt in the current fiscal year and about USD 675 million in the next, a company official said. The company has been gradually deleveraging its balance sheet, improving its capital structure, and lowering its financial costs by tapping bond markets as part of its liquidity management exercise. In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So USD 920 million is a debt repayment to do in the current year. Next year, FY27, it's about USD 675 million." The need for cash at VRL is declining rapidly, led by both deleveraging and refinancing, he said, adding that at the same time, overall cash flow at Vedanta India, given the augmented volume, compressed cost, is much higher. "So overall, we as a group in terms of cash management is historical best position," he explained. Last year, Vedanta firmly established itself as one of th