Page 7 - Bonds

Hinduja Leyland Finance eyes $300-500 million through debut dollar bonds

So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds

SBI's fundraising via bonds touches Rs 50,000 crore in FY25 to date

With the raising of Rs 10,000 crore from infra bonds, SBI's total fundraise has touched Rs 50,000 crore so far during the current financial year. The country's biggest lender State Bank of India earlier this month had raised Rs 10,000 crore through its seventh infrastructure bond issuance. The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at a very competitive rate, SBI said in a statement. All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size, it said. SBI Chairman CS Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank. The investors were across provident funds, pension funds, insurance companies, mutual funds, banks etc, it said. These bonds are of 15 years tenor except for the AT1 Bonds which is perpetual. Last month, SB

Banks eye Rs 1 trillion through infrastructure bond issuances in FY25

So far, lenders have raised Rs 74,256 cr

Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

Vedanta to proceed with dollar bond sale in first post-Adani credit test

The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani

Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds

State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation

India bond yields seen rising ahead of debt supply, US yields stay high

Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent

Sebi orders altGraaf and two other platforms to cease operations

Order involves four entities, including two related to altGraaf; action after probe revealed they lack safeguards for investors

India bond yields marginally higher, traders await debt supply via auction

Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool

Bond yields flattish; inflation data cements delayed policy easing view

The benchmark 10-year bond yield ended at 6.7958%, compared with the previous close of 6.7874%

Sovereign bond yields edge higher ahead of local, US inflation data

The benchmark 10-year yield ended at 6.7874%, compared with Friday's closing level of 6.7762%. The yield traded in a one-basis point range on Monday

State Bank of India to sell Rs 10,000 cr worth of infra bonds by Nov-end

The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure

India bond yields inch lower after Fed rate cut pulls down US Treasury

The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid

Foreign investors net sellers of Indian bonds in Oct; 2nd outflow in 2024

Currently, US bond yields have shown some volatility, with the yield moving from 4.3 per cent to 4.4 per cent. This is despite favourable data, such as the recent jobless claims

Eyeing US election, China considers over $1.4 trillion in extra debt

The spending plans suggest that Beijing has switched into a higher stimulus gear to prop up the economy although it's still not the 2008-like bazooka that some investors have been calling for

Sovereign bond yields rise tracking US peers amid cautious sentiment

The benchmark 10-year yield ended at 6.8660%, the highest since Sept. 3, compared with its previous close of 6.8495%

Nabfid likely to raise nearly Rs 40,000 crore through bonds in H2FY25

The financial institution is also looking to raise funds from multilateral agencies and is preparing for ratings to facilitate international market fundraises

LIC eyes entry into bond forward rate agreement market by end of FY25

The move comes as the interest rate cycle is set to soften, with insurers offering more guaranteed-return products

Regulatory changes to provide necessary push to surety bonds biz: Experts

Regulatory changes like amendment in the Insolvency & Bankruptcy Code and standardization of bond wordings would give a fillip to newly introduced product underwritten by general insurance companies, called surety bonds, experts said. This product launched in 2022 is going to play a crucial role in supporting India's infrastructure development and heavily reduce reliance on bank guarantees for project finance. As a result, banks can focus on other productive sectors for lending. Bajaj Allianz General Insurance, which is the pioneer of the product said that it has been able to add more than 50 beneficiaries who have started accepting surety bonds. According to Bajaj Allianz General Insurance Chief Technical Officer TA Ramalingam, possible amendments in the legal framework are crucial in providing insurance companies with equal legal recourse as banks under the Insolvency and Bankruptcy Code (IBC). This parity would provide a level playing field, encourage fair competition and ...

Moody's raises Vedanta Resources rating driven by efforts to access funding

Moody's Ratings on Friday said it has upgraded the ratings on bonds of Vedanta Resources Ltd (VRL) driven by the company's efforts to access funding. The rating agency has revised Vedanta's corporate family rating to B3 from Caa1, and also upgraded rating on senior unsecured bonds sold by VRL and VRL's wholly-owned arm Vedanta Resources Finance II Plc to Caa1 from Caa2. It has maintained 'stable' outlook on the ratings. "The upgrade to B3 is driven by VRL's demonstrated access to funding, reflected by the successful tap of USD 300 million of its 10.875 per cent senior notes due in September 2029. The tap and the company's USD 900 million issuance last month were oversubscribed by investors," it said. VRL, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised USD 300 million by exercising the tap option on the existing bond issue. A tap issue is a procedure that allows companies to issue bonds or other short-term debt instruments from past issues. The rating