Page 4 - Bonds

10-year bond yields fall 6 bps after RBI's open market operation plan

Foreign banks net sell Rs 9,800 crore in one week to book profit after fall in yields

Norms on forwards likely to boost demand for 10-15-year state bonds

The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points

REC raises Rs 5,000 crore through bond issuance with strong response

State-owned REC Ltd on Monday said it has raised Rs 5,000 crore through issuance of bonds. The offering included Rs 3,000 crore through five-year bonds at a coupon of 6.87 per cent and Rs 2,000 crore through 10-year bonds at a coupon of 6.86 per cent, a company statement said. According to the statement, the bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company's robust financial position and growth prospects. The bonds have been assigned a "AAA" rating by prominent credit rating agencies CARE Ratings, ICRA, and India Rating & Research Pvt Ltd (IRRPL) signifying the highest degree of safety regarding timely servicing of financial obligations. The bonds will be listed on both the BSE and the National Stock Exchange (NSE), enhancing their liquidity and offering investors easy tradability.

RBI to infuse Rs 1.25 trillion worth of liquidity via bond purchases

The first tranche of Rs 50,000 crore is scheduled for May 6, followed by three tranches of Rs 25,000 crore each on May 9, 15 and 19, respectively

Pahalgam terror attack: Rupee, bond weaken on rising India-Pak tension

The rupee settled at 85.45 per dollar on Friday, against the previous close of Rs 85.27 per dollar. It depreciated up to 85.67 against the dollar during the day

FPIs sell ₹10,234 cr in debt mkt in April as yield spread hits 20-year low

This was the highest monthly outflow since April 2024, when foreign investors had net sold ₹11,218 crore

Nexus Select Trust to raise Rs 550 crore via non-convertible debentures

Of the total funds raised, the Reit aims to spend up to Rs 480 crore for the acquisition of any assets or investments, including but not limited to the acquisition in any special purpose vehicle (SPV)

6 PSUs seek govt nod to issue deep-discount bonds, long-tenor debt

These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD

Bond yields drop to 3-yr low following RBI's dovish monetary policy stance

The benchmark yield settled at 6.44 per cent, down from the previous close of 6.48 per cent. Bond yields and prices are inversely related

REC raises Rs 2,625 crore through 15-year bonds at coupon rate of 7.02%

Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months

Govt announces borrowings of Rs 8 trillion in the first half of FY26

The gross market borrowing of ₹8 trillion will be completed through 26 weekly auctions

3-month T-bill cutoff set higher than 1-year, inverses yield curve

The cutoff yield on 3-month T-bill was set 1 bps higher due to tepid demand from mutual funds, said dealers

IRFC, IIFCL raise funds through long term bonds at attractive coupon rates

While IRFC raised Rs 3,000 crore through 10-year bonds at a coupon rate of 7.17 per cent, IIFCL raised Rs 1,000 crore through 7-year bonds at 7.28 per cent

Ireda raises Rs 910 crore via Tier-II bonds at 7.74% coupon rate

State-owned IREDA on Tuesday said it has raised Rs 910 crore through issuance of bonds. The funds raised will enhance IREDA's Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio (CRAR), IREDA said in a statement. IREDA has raised Rs 910.37 crore through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenor at an annual coupon rate of 7.74 per cent, it said. "The successful raising of Tier-II capital reflects investors' strong confidence in IREDA's financial strength and strategic vision. "This will further empower us to accelerate green energy financing, aligning with the Government of India's target to achieve 500 GW of non-fossil fuel-based energy capacity by 2030," IREDA Chairman and Managing Director (CMD) Pradip Kumar Das said. Indian Renewable Energy Development Agency Ltd (IREDA) is a non-banking financial institution under the Ministry of New and Renewable Energy.

Shapoorji Pallonji gets over $4 bn in investor commitments for debt sale

Altogether, the investors may bid for 50%-75% of the issue, the sources added, requesting anonymity as they are not authorised to speak to the media

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds

This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher

Maharashtra govt arm plans to raise $1.7 billion via local bond sale

The borrowing is part of a push by the Indian government to overhaul road quality and reduce traffic

Secondary market bonds are varied: What you should know about investments

The platform offers liquidity and flexibility to bondholders wanting to sell before maturity

State bond yields harden on heavy supply and weak investor demand

14 states raised Rs 50,500 crore through bonds at the auction

IIFL Finance plans to raise $150 million by reissuing 2028 dollar bonds

The non-banking finance company has started marketing the issue and may sell the bonds at yields in the 8.30 per cent-8.40 per cent range