Page 8 - Bonds

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

State-owned REC raises Rs 2,195 crore via bonds of different maturities

Market participants said that the company did not raise the entire amount as the investors were demanding a higher coupon

Corporate vs government bonds. Which one to choose for better investment?

In 2024, 33 bonds defaulted- 28 were corporate bonds, 4 public-private bonds, and only 1 was a government bond

PFC raises Rs 6,252 crore via issuance of bonds with different maturities

DME Development issues its first green bond

FPIs turn net sellers of govt securities under the Fully Accessible Route

November's decline in inflows in the FAR securities was influenced by the rise in US yields, the dollar's strengthening, and the Trump trade, which shifted investments to US equities

Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low

Indian insurance firms seek zero-coupon bonds to manage long-term risks

Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government

Punjab & Sind Bank eyeing Rs 3,000 crore through infrastructure bonds

The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore

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%