Page 5 - Bonds

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

RBI may purchase Rs 2 trn of bonds in FY26, says DBS Bank's Vaidya

The Reserve Bank of India last week resumed bond purchase auctions after a gap of more than three years and plans to buy more in the coming weeks

Bond market overlooks Budget, eyes rate cuts to offset higher borrowings

Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply

RBI partially devolves 10-yr green bond; $/rupee swap attracts 5 times bids

The RBI accepted Rs 1,054 crore worth of green bonds at the auction, against the notified amount of Rs 5,000 crore

Bank of India's board approves plan to raise Rs 5,000 cr via infra bonds

State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds. Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25, BoI said in a regulatory filing. Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past. The advantage of infrastructure bonds is that they are exempt from regulatory reserve requirements such as Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). So, infrastructure bond proceeds can be fully deployed for lending activities. Banks have been preferring infrastructure bonds over AT-1 and Tier-2 bonds, as they are better priced.

Bond market expects net borrowing of Rs 11 trillion in Union Budget 2025

Gross issuance may increase slightly due to large bond maturity, but is likely to stay within the range seen the past few years as the govt focuses keeping a lid on fiscal deficit

Secondary bond market: What retail investors must know about rates, yields

Experts recommend spreading investments across different bond types, sectors and credit ratings to reduce risk

Sebi considers expanding SSE to attract more non-profit organisations

Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public