Page 33 - Bonds

ECB trims Covid-19 pandemic support but insists there's 'no tapering'

The ECB did so by slowing the pace of its Pandemic Emergency Purchase Programme (PEPP), which has kept borrowing costs low as governments took on unprecedented amounts of debt

Axis Bank lists $600-mn AT-1 sustainable bonds on IFSC exchanges

Axis Bank has listed its $600 million Additional Tier 1 (AT1) sustainable bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).

Indiabulls Housing Finance books Rs 500 crore of co-lending business

At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies

NTPC seeks shareholders' nod to raise Rs 18,000 crore via bonds

State-owned NTPC will seek shareholders' approval to raise Rs 18,000 crore through the issuance of bonds or debentures in its annual general meeting on September 28.

In its first such move, IndianOil lists foreign currency bonds on IFSC

Securities worth SGD 400 million and $1.4 billion, issued in 2012, 2013 and 2019 respectively are now listed," a statement from IFSC said.

CRISIL upgrades YES Bank's tier II bonds, infrastructure bonds to 'BBB+'

The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"

Taper may push yields on domestic bonds upwards: Arun Srinivasan

Arun Srinivasan, senior executive vice president and head of fixed income, ICICI Prudential Life Insurance says 10-year G-sec benchmark may inch closer to 6.40-6.45 per cent by 2021 end

Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds

Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets

L&T gets shareholders' nod to raise up to Rs 4,500 crore through bonds

Larsen and Tourbo (L&T) has received shareholders' nod to raise up to Rs 4,500 crore through issuance of convertible bonds, according to a regulatory filing. The shareholders' approval was given at the company's annual general meeting (AGM) held on Thursday, L&T said in the BSE filing on Friday. A special resolution for raising the funds was approved with requisite majority. "The special resolution as set out in Item No. 13 of the Notice of the AGM...has been passed with requisite majority," the filing said. Item No. 13 of the AGM notice read: "Raise funds through issue of convertible bonds and/or equity shares through depository receipts and including by way of qualified institution placement to qualified institutional buyers for an amount not exceeding Rs 4,500 crore or USD 600 million, if the value is higher.

India rupee, bonds fall for second straight month; RBI policy in focus

Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.

Sri Lanka repays $1 billion bond, ending default threat: Report

The money was transfered Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said by phone

Low cut-off yield sees newly-launched 10-yr bond devolve in second auction

Of the Rs 14,000 crore of bonds on offer, RBI made the primary dealers, or the underwriters buy Rs 11,144.145 cr

Stocks bounce, bond prices fall across Europe ahead of key ECB meeting

With a key European Central Bank meeting on Thursday expected to convey a dovish tone and provide a further boost, the benchmark STOXX index of the region's 600 largest shares rose 0.5%.

Bonds that fight poverty are booming in nations strafed by Covid-19

No nation fully dodged the societal side-effects of the pandemic, which erased jobs, increased poverty and exasperated inequality around the globe

The time has come for inflation-indexed 'granny' bonds

The need for such bonds has taken on economic and political significance in India

Bonds rally after RBI guv indicates accommodative policies will continue

"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview

Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report

Domestic covered bond issuances have witnessed a sharp increase to about Rs 2,220 crore in FY2021 as against the issuances of Rs 400 crore seen in the preceding fiscal, said a report by ICRA Ratings. These bonds have been issued so far by non-banking financial corporations (NBFCs), nine in FY2021 compared to two in FY2020. "The covered bonds have seen improved acceptance in the Indian market mainly in H2 FY2021 as it provides a 'dual recourse' benefit to the investor, i.e. the repayment obligation has to be met by the entity and in case of failure to do so, by a pool of assets assigned to a trust," the rating agency said. It said that given the uncertainty on collections due to the pandemic, the protection available to an investor of a covered bond improves when compared with the conventional securitisation of the pool of assets. The domestic market for covered bonds is still in the nascent stages with the first issuance seen in FY2019. This structured product, however, has been a

Union Bank of India raises Rs 850 crore through bonds

State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

Hawkish Fed stance fuels dollar, leaves stocks and bonds bruised

Europe's STOXX 600 snapped a nine-day winning streak

ICICI Bank raises Rs 2,827 crore by issuing bonds on pvt placement basis

Private sector lender ICICI Bank has raised more than Rs 2,827 crore by issuing bonds on private placement basis.The bonds carry a coupon rate of 6.45 per cent per annum payable annually and were issued at par. There are no special rights or privileges attached to them.The allotment date is June 15 and redemption date is June 15, 2028. The bonds will be listed in relevant segment of the National Stock Exchange (NSE) of India.On April 24, the bank's board of directors had approved the fund-raising through the issuance of debt securities."Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," said the lender in regulatory filings at stock exchanges.The bonds are rated 'CARE AAA stable' and 'ICRA AAA stable.'Indian banks have been raising capital to insulate themselves from a surge of bad loans as the novel coronavirus pandemic continues to batter the ...