Page 38 - Bonds
RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22
Size may be enhanced in the subsequent auctions depending on market response
 "RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22")
Cos start tapping Masala Bonds as economy restarts, raise Rs 500 cr in Aug
Rs 500 cr may look very small, but the importance becomes clear when it is found that since March, companies had not issued a single Masala bond abroad
 "Cos start tapping Masala Bonds as economy restarts, raise Rs 500 cr in Aug")
Stimulus to ease funding burden for India's weakest firms in Covid era
Yield premiums on 10-year rupee bonds ranked BBB have dropped about 80 basis points from an 11-year high in late March
 "Stimulus to ease funding burden for India's weakest firms in Covid era")
Future Retail averts default, pays Rs 100 cr of interest on foreign bonds
Future Retail shares on Monday closed 6.62 per cent down at Rs 114. This is because one of its lenders sold the firm's pledged shares because of default
 "Future Retail averts default, pays Rs 100 cr of interest on foreign bonds")
Fund raising via bonds on private placement basis up 22% in Apr-Jul
In terms of numbers, 608 issuances took place in the period under review as compared to 697 in the year-ago period
 "Fund raising via bonds on private placement basis up 22% in Apr-Jul")
Govt eases credit guarantee scheme norms for stressed NBFCs, HFCs liquidity
At the portfolio level, AA and AA- investment sub-portfolio under the Scheme should not exceed 50 per cent of the total portfolio of bonds/CPs
 "Govt eases credit guarantee scheme norms for stressed NBFCs, HFCs liquidity")
Reserve Bank's silence on record India bond sales leaves traders baffled
The yield on the India's benchmark 10-year bond has stayed around 5.80 per cent since mid-May after falling by more than 70 basis points this year
 "Reserve Bank's silence on record India bond sales leaves traders baffled")
Google owner Alphabet issues record $10 billion bond at lowest-ever price
Investor appetite was fierce for the tech giant's six-part bond, as low interest rates and corporate bond buying from the Federal Reserve continues to support issuance
 "Google owner Alphabet issues record $10 billion bond at lowest-ever price")
Shortest ruling 10-year benchmark bond ever: Changes within three months
Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting
 "Shortest ruling 10-year benchmark bond ever: Changes within three months")
Global investors make record inflows into China via Bond Connect in July
Bond Connect Co is a joint venture between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Ltd
 "Global investors make record inflows into China via Bond Connect in July")
ReNew Power to raise Rs 1,000 cr equivalent in part-guaranteed forex bonds
Will be the first such issuance in over a year, signalling that high-yield markets overseas are opening up, but remain circumspect on likely impact on debt serviceability after Covid outbreak
 "ReNew Power to raise Rs 1,000 cr equivalent in part-guaranteed forex bonds")
Manappuram Finance board approves plan to raise Rs 500 cr via bonds
Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis
 "Manappuram Finance board approves plan to raise Rs 500 cr via bonds")
Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs
About 46 per cent of this sum for purchase by public sector banks is for bonds or CPs rated below 'AA'
 "Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs")
Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds
The board also gave its approval to additional fundraising of Rs 1,000 crore through Basel-III-compliant tier-I and -II bonds or other such securities at an appropriate time, it added
 "Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds")
ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds
The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023
 "ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds")
HDFC Bank plans to raise Rs 50,000 crore through AT1, infra bonds
The bank has sought shareholders' approval to issue unsecured perpetual debt instruments (part of AT1 capital), and tier-II capital bonds.
 "HDFC Bank plans to raise Rs 50,000 crore through AT1, infra bonds")
Spandana Sphoorty Financial to raise up to Rs 100 cr on private placement
The committee approved the issuance of 1,000 rated, listed, secured, redeemable non-convertible debentures
 "Spandana Sphoorty Financial to raise up to Rs 100 cr on private placement")
Govt to convert Rs 27,000 cr of short term bonds into longer tenure
In May, RBI tried to switch Rs 30,000 crore worth of securities into longer tenure one, but could manage to do less than a third of that
 "Govt to convert Rs 27,000 cr of short term bonds into longer tenure")
HDFC plans to raise up to Rs 4,000 cr via bonds; stock ends 1.25% lower
The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.
 "HDFC plans to raise up to Rs 4,000 cr via bonds; stock ends 1.25% lower")
State Bank of India plans to raise up to $1.5 bn via overseas bonds in FY21
The lemder raise funds from global markets on a regular basis for lending operations and to repay financial instruments maturing during the year
 "State Bank of India plans to raise up to $1.5 bn via overseas bonds in FY21")