Page 40 - Bonds
10-year bonds rally from 3-month low as RBI brings in 'Operation Twist'
The Reserve Bank of India will buy 100 billion rupees ($1.4 billion) of the 6.45 per cent 2029 debt and sell an equal amount of notes maturing next year in an auction on Monday.
 "10-year bonds rally from 3-month low as RBI brings in 'Operation Twist'")
Bank of Baroda raises Rs 1,747 cr by issuing Basel III-compliant bonds
To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.
 "Bank of Baroda raises Rs 1,747 cr by issuing Basel III-compliant bonds")
Indian bonds are the worst-performing in Asia and they may fall further
The Reserve Bank of India's shock hold on rates had sparked the worst weekly fall in bond prices in more than one-and-a-half years
 "Indian bonds are the worst-performing in Asia and they may fall further")
Bond markets may face prolonged rout as RBI pauses its rate-cut spree
The decision by the Reserve Bank of India spurred speculation that it has run out of ammunition after slashing rates five times this year.
 "Bond markets may face prolonged rout as RBI pauses its rate-cut spree")
Flush with liquidity, RBI is quietly buying bonds from the open market
Till November 22, the central bank bought Rs 4,300 crore of bonds
Bank recapitalisation should be done through cash, not bonds: Rangarajan
According to him, the mode of recapitalisation that is being done now is through the issue of bond
 "Bank recapitalisation should be done through cash, not bonds: Rangarajan")
ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer
At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate
 "ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer")
China advances $142-bn 2020 local-govt bonds by a year to spur growth
Beijing has been leaning more heavily on fiscal stimulus to weather the current downturn, announcing 2 trn yuan in tax and fee cuts this year and 2.15 trn yuan in local government bond issuance
 "China advances $142-bn 2020 local-govt bonds by a year to spur growth")
Reliance Capital again defaults on payment obligations towards bonds
Reliance Capital on September 21 had said that the rating action by CARE was a completely biased, unwarranted and unjustified action on September 20, 2019
 "Reliance Capital again defaults on payment obligations towards bonds")
Market expects cut-off price of 11.90 bonds maturing in 2007 to Rs 100.85
The players have, however, given a wide range of Rs 100.65 and Rs 100.90, clearly indicating a heterogeneous picture
Indian firms default on record $1.2 bn of bonds this year as economy slows
Those firms that delayed or missed debt payments in 2019 still have $17 billion of notes and loans outstanding including the defaulted securities
Pepsi to take green mainstream with sustainable bond sale: Details here
The company offered $1 billion of senior unsecured green securities, according to a person with knowledge of the matter
 "Pepsi to take green mainstream with sustainable bond sale: Details here")
Investors struggle to cut losses as shadow banking crisis deepens
Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April
 "Investors struggle to cut losses as shadow banking crisis deepens")
Govt will maintain borrowing plan, likely sell Rs 2.68 trn of bonds: Report
A decision on the nation's maiden foreign currency sovereign bond sale, announced first in July, has not been made, the official said
 "Govt will maintain borrowing plan, likely sell Rs 2.68 trn of bonds: Report")
India Overseas Bank mobilises Rs 500 cr through issue of bonds
The funds mobilised will be used to meet the growth requirements apart from meeting the regulatory requirements, the statement said
 "India Overseas Bank mobilises Rs 500 cr through issue of bonds")
Bank of Baroda plans to raise capital up to Rs 3,000 cr via tier-II bonds
BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49% in 1QFY20
 "Bank of Baroda plans to raise capital up to Rs 3,000 cr via tier-II bonds")
SBI raises up to Rs 3,105 cr by issuing bonds under Basel-III regulations
To comply with Basel-III capital regulations, banks need to improve and strengthen their capital planning processes
 "SBI raises up to Rs 3,105 cr by issuing bonds under Basel-III regulations")
UK bonds signal recession as inflation bedevils Bank of England's response
In a so-called yield curve inversion, a typical harbinger of economic contraction, the yield on 10-year government debt fell below the 2-year equivalent on Wednesday for the first time since 2008
 "UK bonds signal recession as inflation bedevils Bank of England's response")
Why India's $10 billion foreign bond sale plan may never take off
There are worries that Asia's third-biggest economy may come under pressure during bouts of risk aversion, especially given the current backdrop of slowing global growth
 "Why India's $10 billion foreign bond sale plan may never take off")
RBI rate cut only good for short-duration bonds as hopes of big cuts fade
The RBI reduced its main rate by an unconventional 35 basis points to 5.4%, the lowest since 2010
 "RBI rate cut only good for short-duration bonds as hopes of big cuts fade")