Firm is now in the process of extinguishing bonds with the depositories; Next tranche of forex bonds worth Rs 1,055 cr are maturing on Dec 31, and another Indian currency bond matures Jan 4
The company had also fixed the record date for the next tranche of 7.77% unsecured redeemable NCDs on December 20 and paid the interest on January 4 next year
The NCDs are rated AA by Crisil, and constitute the second of several tranches of retail bond issuance aggregating to Rs 5.000 cr
Kaisa's proposal to delay the maturity of the bond comes against the backdrop of growing creditor concerns about its ability to meet their near-term offshore repayment obligations
Rates on notes with maturities of up to two years climbed in recent weeks as the central bank expanded its efforts to remove excess liquidity from the banking system
The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 December 03, 2021
The spread between the 10-year sovereign bond yields and the coupon offered by the insurance firm works out to around to about 140 basis points
Bond yields were little changed as RBI assured ample liquidity conditions without trying to control the yields
Even in announcing a $15 bn monthly cut to its $120 bn in monthly purchases of Treasuries and mortgage-backed securities, the Fed did not signal when it may begin next phase of policy 'normalisation'
IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.
Kaisa Group Holdings Ltd. shares plunged a record 18% in Hong Kong after two credit assessors downgraded the Shenzhen-based developer
Actual inclusion will depend on domestic and international developments: JPMorgan
The National Skill Development Corporation (NSDC) on Tuesday launched the first-of-its-kind and the largest 'Impact Bond' for skilling in India in collaboration with global partners, involving a USD 14.4 million fund which will benefit 50,000 youth by making them employment ready. Along with the NSDC, the global coalition comprises of HRH Prince Charles's British Asian Trust, the Michael & Susan Dell Foundation (MSDF), The Children's Investment Fund Foundation (CIFF), HSBC India, JSW Foundation and Dubai Cares, with FCDO (UK Government) & USAID as technical partners. "The Skill Impact Bond (SIB) is also the first impact bond involving public, private partners and a public private partnership organisation, NSDC," a statement said. CIFF, HSBC India, JSW Foundation and Dubai Cares support the outcome fund. NSDC and MSDF are the risk investors that have committed USD 4 million to provide upfront working capital to the service providers to implement the programme for the lifetime ..
Chinese property bonds remained firm on Tuesday after the two major developers made coupon payments
The country's largest lender SBI on Monday said it has raised Rs 6,000 crore by issuing Basel III compliant bonds
Keep in mind that gifts of above Rs 50,000 from non-relatives are taxable in the recipient's hands, except during a wedding
Policymakers discuss plan for 'gradual' cut in bond-buying
IIFL Finance will use the capital for business growth and capital augmentation
Limit exposure to 5-15% of debt portfolio, avoid investing for very long tenures
The company said net proceeds from the SLB will be used for the purposes of financing the general corporate working capital requirements of Sembcorp and its subsidiaries