Page 36 - Bonds

Union Bank of India to raise Rs 205 cr by issuing Basel III compliant bonds

State-owned Union Bank oFrom the issue size of Rs 200 crore with green shoe option up to Rs 30f India on Wednesday said it will raise Rs 205 crore by issuing Basel III compliant bonds later this week.

GMR to raise $300mn through bonds for Hyderabad airport expansion

GMR Hyderabad International Airport Limited (GHIAL) on Wednesday announced that it successfully priced an offering of US$ 300 million bond in the international bond market

Bank of India raises Rs 750 crore through bond issuance

The bank has raised Rs 750 crore by issuing Basel III compliant bonds

Adani Ports to raise $500 mn from bond sale to capitalize on interest rates

Adani Ports & Special Economic Zone, the largest port operator in the country, is in the international debt market with a benchmark issue to raise at least USD 500 million. This is the third large bond sale by domestic issuers after Exim Bank's USD 1 billion issue at record low prices in the first week of the moth followed by SBI in the second week with a USD 6 billion sale. Adani Ports is the largest port developer and operator in the country in terms of volume, with coal and other dry bulk terminals showing an annual capacity of 478.6 million tonnes. "We are in the dollar debt market and are planning to raise USD 500 million through a Reg S issue," a merchant banking source told PTI on Wednesday without sharing other details like pricing and tenor saying the issue is the market. The last time it had paid 4.2 per cent coupon to USD 750 million issue last July. While Reg S issue means resident American investors can't subscribe to the issue, benchmark issue means a large issue ...

State-owned power giant NTPC to raise Rs 2,500 cr via bonds on Wednesday

The firm will raise the money through issuance of non-convertible bonds via private placement

Ultra long bonds are back in force as rock-bottom rates create sweet spot

For borrowers, it's a no-brainer -- selling ultra-long debt allows them to lock in interest rates squashed to historically low levels by central bank stimulus

Power Finance Corp to launch maiden public bond sale for retail investors

PFC is planning to raise Rs 5,000 crore in the first tranche, proceeds to be used for funding projects in the renewable energy and transmission & distribution segment

SBI lists issuance of $600 mn foreign currency bonds on India INX

SBI listed foreign currency bonds of $600 million under its $10 billion Global Medium Term Note Programme on India INX's Global Securities Market (GSM)

India INX hopes to list $1 trn of bonds on debt in new decade: BSE CEO

India International Exchange (INX) is targeting to list over $1 trillion of debt on its platform in the next decade

SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures

The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board

Indian borrowers begin 2021 on a high, sell bonds worth $2.1 billion

They are joining borrowers globally that have been rushing to credit markets, after yields crashed following cash-boosting measures

SBI raises $600 million from bonds to fund overseas business expansion

State Bank of lndia (SBI) on Thursday said it has concluded the issuance of $600 million (about Rs 4,500 crore) from bonds to fund expansion of overseas business

Firms tilt towards fixed-rate bonds for borrowing as interest rates fall

The share of floating-rate bonds has fallen to low-single digits

Maharashtra: Civic body to co-create India's first social impact bond

Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra's Pune district has signed an MoU with the United Nations Development Programme (UNDP)

Best of BS Opinion: Bank recap, a wobbly first year for the CDS & more

Here's a selection of Business Standard opinion pieces for the day

Vedanta says no pledge on shares; terms bar promoters from share sale

Vedanta Ltd's promoters cannot sell or create any security on shares they hold in the group as part of the terms attached to the recent $1.4 billion fund raising

Top headlines: RBI may red flag P&SB bonds; Tatas hike stake in Air Asia

From RBI likely to red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds to PE/VC investments into India from China, Hong Kong falling 72% in CY20, here are top headlines this morning

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

Bank could be asked to hold it at discounted value in HTM

Vedanta Resources to issue $400 million notes to Oaktree Capital

The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd

Govt shells out Rs 22,087 cr as interest towards recap bonds for banks

Under this mechanism, the government issues recapitalisation bonds to a public sector bank which needs capital. The said bank subscribe to the paper against which the government receives the money