Page 30 - Bonds

Punjab National Bank plans to raise Rs 12,000 crore through bonds

Punjab National Bank (PNB) on Tuesday said its board has approved a proposal to raise Rs 12,000 crore through issuance of bonds to fund business growth.

Karnataka Bank board approves plan to raise Rs 300 cr via bonds

Private sector lender Karnataka Bank on Tuesday said it will raise up to Rs 300 crore by issuing Basel III compliant bonds on a private placement basis.

REC board okays Rs 85,000 cr borrowing plan for 2022-23

According to the filing, the company has planned to raise Rs 75,000 through issuance of bonds , term loans and external commercial borrowings

Delhi-Mumbai Expressway raises Rs 5,000 cr via maiden bond offering

The 15-year offering comes with variable coupon rate

IIFCL expects to disburse Rs 50,000 crore in the next financial year

Outstanding advances stood at Rs 37,688 crore at the end of September 2021. They rose from Rs 33,637 crore in March 2020 and Rs 36,647 crore in March 2021, according to ICRA.

IIFCL raises Rs 1,500 cr via 10-yr bond at 7.17%, including green shoe

Sources say SBI Pension Fund and EPFO were key investors in the "AAA" rated paper

ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects

Rating agency Crisil has assigned "AAA/Stable" for Rs 10,000 crore of bonds

HDFC raises Rs 10,000 crore through debentures at 7.18%

Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.

Union Bank of India raises Rs 1,500 cr through Basel-III compliant bonds

The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore

Stocks set for a painful week as conflict intensifies; bonds to gain

US stocks have fallen nearly 8% so far this year, on track for worst annual start since 2009, and worries over intensifying conflict in Ukraine has shaken markets across world

Shriram Transport Finance raises Rs 900 cr by issuing bonds

Shriram Transport Finance Company said it has raised Rs 900 crore by issuing bonds on a private placement basis

Mahindra Finance raises Rs 300 cr by issuing bonds on pvt placement basis

Mahindra & Mahindra Financial Services on Tuesday said it has raised Rs 300 crore by issuing bonds on a private placement basis. A meeting of the committee of the board on Tuesday approved the allotment of 3,000 secured redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh each, aggregating to Rs 300 crore through private placement, Mahindra Finance said in a regulatory filing. The bonds are set to mature on February 22, 2024, it said. The debt instruments bear an interest rate, or coupon, of 5.98 per cent per annum. Shares of Mahindra Finance on Tuesday traded at Rs 151.50 apiece on the BSE, down by 1.27 per cent from the previous close.

Record borrowing to make India's unlikely bond rally short-lived

Canceled auctions and a dovish central bank decision drove benchmark yields down by more than 20 basis points in the past two weeks.

Mumbai airport hires banks for sale of dollar-denominated bonds: Report

Mumbai International Airport has hired a group of banks to arrange a sale of US dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday.

Global stock markets firm, bonds win respite from rout

The pan-European STOXX 600 climbed almost 1.5%. In Asia, where MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5% to a two-week high and the blue-chip Nikkei closed 1.08% higher

IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City

The bonds issuance is part of the USD 7 billion Global Medium Term Note (GMTN) Programme, IRFC said

Federal Bank gets board approval to raise up to Rs 700 cr through bonds

Federal Bank on Wednesday said it has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis

Rupee gains on jobs data, bond prices down on rate hike agenda

The rupee strengthened to its two-month high, as dollars pertaining to bonds raised by Reliance Industries (RIL) continued to pour into the country alongside some inflows into Indian equities

Reliance raises $4 bn via foreign currency bonds at finest rate

India's largest-ever foreign currency bonds issue gives strong base for India Inc's fundraising efforts in 2022

Reliance raises $4 bn in India's largest-ever foreign currency bonds issue

'The issue was nearly 3 times oversubscribed with a peak order book aggregating $11.5 bn and was priced through RIL's secondary curve,' a company statement said