The first tranche of Rs 50,000 crore is scheduled for May 6, followed by three tranches of Rs 25,000 crore each on May 9, 15 and 19, respectively
The rupee settled at 85.45 per dollar on Friday, against the previous close of Rs 85.27 per dollar. It depreciated up to 85.67 against the dollar during the day
This was the highest monthly outflow since April 2024, when foreign investors had net sold ₹11,218 crore
Of the total funds raised, the Reit aims to spend up to Rs 480 crore for the acquisition of any assets or investments, including but not limited to the acquisition in any special purpose vehicle (SPV)
These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD
The benchmark yield settled at 6.44 per cent, down from the previous close of 6.48 per cent. Bond yields and prices are inversely related
Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months
The gross market borrowing of ₹8 trillion will be completed through 26 weekly auctions
The cutoff yield on 3-month T-bill was set 1 bps higher due to tepid demand from mutual funds, said dealers
While IRFC raised Rs 3,000 crore through 10-year bonds at a coupon rate of 7.17 per cent, IIFCL raised Rs 1,000 crore through 7-year bonds at 7.28 per cent
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.
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
This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher
The borrowing is part of a push by the Indian government to overhaul road quality and reduce traffic
The platform offers liquidity and flexibility to bondholders wanting to sell before maturity
14 states raised Rs 50,500 crore through bonds at the auction
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
The benchmark 10-year yield ended at 6.7383%, compared with its previous close of 6.7286%
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
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