Page 40 - Bonds

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

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

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.

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

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

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.

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

AT1 bonds are risky but back on investor radar after YES Bank episode

AT1 bonds are hybrid instruments and pay a slightly higher rate of interest compared to similar non-perpetual bonds.

Reserve Bank makes $21-billion cut to US treasury holdings in March

Central bank does huge OMO silently to control domestic bond yields

Govt to switch Rs 30,000 crore of bonds for longer tenure securities

Such switches happen to enable the government repay the loans at a later date to ease the strain on the exchequer in the immediate term.

Slowdown blues: Incremental credit flow drops 64% to Rs 6.04 trn in FY20

Economic slowdown hits activity, adding fuel to the fire

Covid-19: Apple issues cheapest bonds in years to fund buy-backs, dividends

The technology company raised $8.5 billion by selling four different bonds with maturities ranging from three years to 30 years

RBI to buy and sell Rs 10,000 cr in bonds to manage its balance sheet

According to the latest available figures, the Reserve Bank of India had about Rs 9 trillion worth of bonds on its books

Govt likely to face shortfall of Rs 10 trn due to coronavirus: Subhash Garg

Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform

Will market recover? Indian stocks lose premium to bonds amid global crisis

The 25% tumble in the index has meant that stocks currently offer an earnings yield of about 5.25%, compared with the domestic benchmark 10-year yield of about 6.50%

PNB looks to tap market in Q3FY21; may raise capital via FPO, rights issue

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

Writedown of YES Bank's additional AT-I bonds will result in risk aversion

According to ICRA's estimates, Rs 93,669 crore of AT-I bonds are outstanding as of now

YES Bank fallout: Retirees stare at a gaping hole in their savings

Investors include armed force veterans, govt employees, IT sector staff

Adani Electricity Mumbai concludes $1-billion bond issuance

The bonds were subscribed by investors from across the globe

Power Finance Corporation's $750-million bonds gets over-subscribed

First government company to issue bonds with more than 10 years tenure