Page 30 - Bonds

Hudco board approve to raise up to Rs 22,000 crore through bonds

State-owned HUDCO on Thursday said its board has approved the proposal to raise up to Rs 22,000 crore through bonds and debentures to finance affordable housing and urban infrastructure projects. The board of Housing & Urban Development Corporation Ltd (HUDCO) in its meeting held on Wednesday gave approval to this effect, the company said in a regulatory filing. The board of directors has approved the Annual Resource Plan of the company by raising funds through the issue of bonds/debentures, as may be permitted by regulatory authorities from time to time during the financial year 2022-23, up to a maximum of Rs 22,000 crore. HUDCO is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects across the country. It is under the administrative control of the Ministry of Housing and Urban Affairs.

Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up

Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.

FRAs back in vogue, help insurers in fixed rate of interest for payouts

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week

Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources

CoC members, bidders must be barred from buying RCap bonds held by LIC: NGO

They are "insiders" and have access to crucial information, says Infrastructure Watchdog; meanwhile, last date if bond sale to be extended to July 22 as LIC finds no takers

Markets find their feet as FPIs step off pedal after brutal selloff

In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight

Govt bond yields slide 5 bps over weekend, in tandem with US benchmark

Signs of weakening economic growth worldwide raising questions over the degree of policy tightening by central banks

PNB raises Rs 2,000 crore via AT1 capital bonds at lower rate of 8.75%

Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%

Good time to invest in debt funds as portfolio yields rise, say experts

Opt for a mix of shorter-duration, target maturity, and dynamic bond funds

Satin Creditcare raises Rs 96 cr by issuing bonds to two investors

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 gets board's approval to raise Rs 5,000 cr by issuing bonds

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 ...

Cut-off yields ease by 7-8 bps at State bond auction as borrowings taper

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

YES Bank board approves buyback of overseas bonds up to $200 mn

The lender will do the repurchase at 97% of the principal amount of the notes.

Sachin Bansal's Navi Finserv's Rs 300-cr debt bond subscribed 1.4 times

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.

Muthoot Finance to raise up to Rs 300 cr via bonds; issue opens May 25

The non-banking finance company said the funds raised through this issue will be utilised primarily for lending activities of the company

RBL Bank raises $100 mn from Basel III-compliant unsecured tier 2 bonds

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.

Mumbai airport gets $750 million from private bond sale to Apollo Global

A major bond market rout globally has prompted several Asian companies to revise their dent sale plans.

HDFC Bank to raise Rs 50,000 cr via bonds; Renu Karnad reappointed director

The funds will be raised in the period of next 12 months through private placement mode, subject to approval of shareholders among others

Equities or bonds? Where to invest in a rising interest rate scenario

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?

Jan/Feb market sell-off was an just an appetizer: BofA Securities survey

Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.