Page 6 - Bonds

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

IIFL Finance raises $325 million via issuance of international bond

Non-bank lender IIFL Finance on Friday said it has raised USD 325 million through issuance of international bond. The city-based company will pay a coupon rate of 8.75 per cent for the bonds which are for a tenor of three-and-a-half years, according to an official statement. The lender had faced RBI restrictions on its gold financing business last year, which got lifted in September 2024. Non-bank lenders are increasingly tapping into the global bond markets as they look for funding sources beyond banks. IIFL's move came days after Tata Capital's USD 400-million borrowing from overseas investors. The IIFL statement said proceeds from the latest issuance will be deployed for on-lending which will support the company's growth. "This issuance not only allows us to diversify our funding sources but also reinforces our commitment to delivering value to stakeholders while adhering to prudent financial practices," it said. The bond offering, rated B+ by both S&P and Fitch with a stable

BoB raises Rs 5,000 crore through 10-year infrastructure bond at 7.23%

IRFC raises Rs 2,780 crore at 7.25% for 10-year bonds

REC raises Rs 2,297 cr via 10-year bonds, IRFC eyes Rs 3K cr on Wednesday

The issuance has a base size of Rs 500 crore with a green shoe option of Rs 2,500 crore

Aggressive hybrid funds: Cope with mkt volatility, benefit from rate cuts

If interest rates decline, the bond component of these portfolios could generate capital gains. Conversely, rising interest rates may cause short-term losses

US-based Novelis Inc plans to raise $750 million via issuance of bond

US-based Novelis Inc, which is part of Hindalco Industries, on Thursday said its indirect wholly-owned arm plans to raise USD 750 million through issuance of bonds. Novelis intends to use the net proceeds from the proposed offering to repay USD 738 million of outstanding debt and any remaining proceeds to fund cash on its balance sheet. "Novelis Inc...today announced that its indirect wholly-owned subsidiary Novelis Corporation has priced an offering of USD 750 million aggregate principal amount of 6.875 per cent senior notes due in January 2030, which represents an increase of USD 250 million from the offering size previously announced," it informed the bourses. Novelis Inc, a sustainable aluminum solutions provider, had reported an 18 per cent decline in net income at USD 128 million in the September quarter of 2024-25. The firm, which deals in aluminium rolled products, had reported a net income of USD 157 million in the same period of the preceding financial year, the company h

IRFC raises Rs 2,840 cr through 10-year bonds at 7.15% interest rate

Indian Railways' finance arm was in the market to raise Rs 3,000 cr