Page 5 - Bonds

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

Govt bond yields unchanged despite April rate cut bets as supply hurts

The benchmark 10-year yield ended at 6.7383%, compared with its previous close of 6.7286%

Sebi launches centralised database portal Bond Central for corporate bonds

Markets regulator Sebi has launched a centralised database portal for corporate bonds in a bid to create a single, authentic source of information on such securities. The portal -- Bond Central-- has been developed by Online Bond Platform Providers Association (OBPP Association) in collaboration with Market Infrastructure Institutions (MIIs) comprising stock exchanges and depositories. "The Bond Central aims to create a single, authentic source of information on corporate bonds issued in India and is intended as an information repository for the public at large and is accessible free of cost," Sebi said in a statement. This database is expected to enhance transparency and facilitate informed decision making amongst investors and other market participants and will be operated by the OBPP Association, which is a not-for-profit entity with support from MIIs. Listing out the key features of the portal, Sebi said it is a unified view of corporate bonds across exchanges and issuers ensur

Major issuers raise nearly Rs 17,000 crore through bonds on Thursday

After January's bond market turmoil, triggered by geopolitical events, large-ticket issuers have rushed to raise funds despite rising corporate bond yields due to tight liquidity and increased supply

Big-ticket issuers rush to debt market despite rising corporate bond yields

Major state-owned issuers look to raise Rs 30,000 crore through bonds

Cube Highways raises Rs 600 cr via issuance of non-convertible debentures

Cube Highways Trust on Friday said it has concluded a Rs 600 crore bond issuance arranged by Axis Bank Limited. The issuance saw participation from banks, insurance companies and development financial institutions, Cube Highways Trust said in a statement. "Cube InvIT's Board approved the allotment of 60,000 Non-Convertible Debentures (NCDs) with a face value of Rs 1 lakh each, aggregating to Rs 600 crores, with a tenor of 19 years and 1 month on a private placement basis on February 21, 2025," it said. Cube Highways Trust (Cube InvIT) is managed by Cube Highways Fund Advisors Pvt. Ltd. According to the statement, the funds raised from the issuance of these listed, secured Non-Convertible Debentures will be used to refinance the debt of Cube InvIT's recently acquired Special Purpose Vehicle. Commenting on the transaction, Cube InvIT Group CFO Pankaj Vasani said, "The feedback from capital markets during this raise accentuates strong investor confidence in Cube InvIT's financial ...

Banks' infra bond funding to turn expensive as investors seek high returns

Domestic lenders have raised a record Rs 89,200 crore ($10.26 billion) in this financial year, with some, including State Bank of India, likely to tap this route before the fiscal year ends

Tata Capital to issue green bonds, NCDs to raise Rs 15,000 crore

Tata Capital, which is facing the Reserve Bank of India's (RBI's) deadline to get its shares listed by September this year, will use the proceeds for on-lending purposes and business operations

PSU NBFCs reissue bonds in Feb as fundraising limit reached for FY25

Each security is assigned a unique number called ISIN (International Securities Identification Number) at the time of issuance to avoid any misunderstanding among traders

Bank of Baroda gets board approval to raise up to Rs 8,500 crore equity

Approves extra time for AT1 and Tier-II debt capital issuance

Indian govt bond yields decline on interest rate cut expectations

The benchmark 10-year yield ended at 6.6562% compared with Wednesday's close of 6.6616%

SBI looks to raise around Rs 5K crore via perpetual bonds before end of Feb

The country's largest lender could have a call option at the end of either five years or 10 years on the issue

PCE facility success depends on investor appetite, market reforms

The facility aims to bridge the gap for lower-rated corporate bonds

Will actively manage cash needs amid tight liquidity, says Ajay Seth

The government on Saturday projected a slightly higher-than-expected 14.82 trillion rupees ($171 billion) of bond sales in its budget