Page 32 - Bonds
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
 "Global stock markets firm, bonds win respite from rout")
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
 "IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City")
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
 "Federal Bank gets board approval to raise up to Rs 700 cr through bonds")
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
 "Rupee gains on jobs data, bond prices down on rate hike agenda")
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 via foreign currency bonds at finest rate")
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
 "Reliance raises $4 bn in India's largest-ever foreign currency bonds issue")
Dhani Services to launch Rs 300 crore public issue of bonds on Tuesday
The non-convertible debenture (NCD) issue has a base size of Rs 150 crore with an option to retain oversubscription of up to Rs 150 crore
 "Dhani Services to launch Rs 300 crore public issue of bonds on Tuesday")
Corporate bond issuances fell as Covid-19 pandemic hit companies
Analysts says it's a learning experience, market expected to do better in 2022
RBI eased grip on bond and rupee in 2021, managing multiple objectives
Bonds would rally in both instances, and therefore, it could turn out to be a good year for Indian bonds
 "RBI eased grip on bond and rupee in 2021, managing multiple objectives")
Govt approves 19th tranche of electoral bonds; sale opens on January 1
Electoral bonds have been pitched as an alternative to cash donations made to political parties
 "Govt approves 19th tranche of electoral bonds; sale opens on January 1")
Manappuram Finance raises Rs 250 cr through bonds
Manappuram Finance on Thursday said it has raised Rs 250 crore by issuing bonds, and the amount will be utilised to pare its debt and shore up capital resources.
 "Manappuram Finance raises Rs 250 cr through bonds")
China injects most cash in 2 months; 10-year yields at lowest in 18 months
China's 10-year government bond yield fell two basis points to 2.795 per cent as of 4:40 pm in Shanghai
 "China injects most cash in 2 months; 10-year yields at lowest in 18 months")
RBI devolves bonds in auction, dodges market demand for higher yields
Central bank signals that it is no longer willing to continue with its easy money policy
SBI Card raises Rs 650 crore through private placement of bonds
The stock was trading nearly flat at Rs 906 apiece on BSE
 "SBI Card raises Rs 650 crore through private placement of bonds")
Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds
Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.
 "Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds")
Manappuram Finance plans to raise up to Rs 500 crore via bonds
A meeting of the company's Financial Resources and Management Committee of the Board of Directors will be held on December 24 to decide on the capital raise plan
Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds
Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore. "We now wish to inform you that the bank proposes to raise funds by issuing senior unsecured taxable redeemable non- convertible debentures of Rs 10 lakh each for cash at par with base issue size of Rs 2,000 crore and green-shoe option to retain over-subscription of Rs 3,000 crore thereby aggregating up to Rs 5,000 crore," Axis Bank said in a regulatory filing. Stock of Axis Bank traded at Rs 663.25 apiece on the BSE, down by 3.74 per cent from previous close.
 "Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds")
Waller backs March Fed liftoff, Daly sees two or three 2022 hikes
Fed Chair Jerome Powell and his colleagues agreed on Wednesday to double the pace at which they wind down their bond-buying program, putting them on track to wrap it up by mid-March
 "Waller backs March Fed liftoff, Daly sees two or three 2022 hikes")
IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds
The fundraise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour
 "IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds")
ICICI Bank raises Rs 5,000 crore through 10-year bonds
Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates
 "ICICI Bank raises Rs 5,000 crore through 10-year bonds")