Page 9 - Bonds

Adani Airport Holdings raises Rs 1,950 crore through biggest bond issue

SBI Equity Hybrid Fund, Aditya Birla Finance and Aditya Birla Sunlife Mutual Fund are the anchor investors and have invested Rs 285 crore, Rs 100 crore and Rs 50 crore, respectively

SP Group plans new $253.5 mn bond sale, seeks more time to repay some dues

The company is in talks with Deutshe Bank for this new 21.2 billion rupees debt raise and the final amount could be higher, at around 24 billion rupees

Govt bond yields may partly reverse fall as borrowing plan disappoints

Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields

Saudi Aramco raises $3 billion from bonds in second debt sale since July

The world's top oil exporter raised $6 billion from a three-tranche bond sale in July

State-owned Bank of India raises Rs 2,500 crore at 7.49% via tier-II bonds

The state-owned lender will raise Rs 2,500 crore through additional Tier-I bonds in Q3

Financial institutions plan to raise up to Rs 8,750 cr via bonds Tuesday

The bonds have received a AAA rating from India Ratings

Gold, Equities, Oil, Bonds: What next for these assets after Fed rate cut?

US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs

Corporate bond market needs to be strengthened: SBI chairman Setty

State Bank of India Chairman C S Setty on Wednesday stressed that the corporate bond market needs to be strengthened even as he assured that the banking industry's exposure to small loans remains manageable, primarily due to the active participation of NBFCs and MFIs. Speaking on the sidelines of Bengal Chambers of Commerce and Industry's annual financial market conclave here, Setty also addressed concerns about the slowdown in unsecured loans and the importance of maintaining a healthy CASA (current and savings account) ratio. "One of the major points in corporate lending is that it was mainly done by banks. Corporate bond market still has to get strengthened," Setty said. "I think these financial services players were also significant players in mobilizing the household deposits, and have to come to the market," he said. Setty said that the banking industry is not into small value loans as such loans are given by NBFCs and MFs and added that there is some slowdown due to the ...

SBI raises Rs 7,500 crore through issuance Basel III-compliant bonds

State Bank of India (SBI) on Wednesday said it has raised Rs 7,500 crore through issuance of Basel III-compliant Tier 2 bonds to qualified institutional bidders. In a regulatory filing, SBI said the issue attracted overwhelming response from investors with bids in excess of 3 times against the base issue size of Rs 4,000 crore. "The investors were across provident funds, pension funds, mutual funds, banks etc," SBI said. SBI Chairman C S Setty said the wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank. The bonds are issued for a tenor of 15 years and have a coupon rate of 7.33 per cent. This is the second Basel III-compliant Tier 2 bond issuance for the current fiscal. "The bank has decided to accept Rs 7,500 crore at a coupon rate of 7.33 per cent payable annually for a tenor of 15 years with call option after 10 years and each anniversary dates thereafter," SBI said. Basel III is a set of international banking ..

10-year bond yield falls to 6.79% on US Fed rate-cut expectations

Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic

Indian Bank raises Rs 5,000 crore via long-term infrastructure bonds

This strategic move is part of Indian Bank's efforts to mobilise resources for credit growth and refinancing of infrastructure projects

Mario Draghi's call for joint EU bonds hits wall of German opposition

That reaction from Berlin highlights the challenges of turning a 400-page recipe to restore competitiveness and help the bloc compete on global markets into reality

Godrej Properties raises Rs 64.6 cr via issue of debentures to investors

Realty firm Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement. In a regulatory filing on Tuesday, the company said a committee of the board approved the allotment of 6,460 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each, aggregating to Rs 64.6 crore to the identified investors on a private placement basis. The NCDs have been allotted at a coupon rate of 8.50 per cent per annum. Interest will be paid annually and on maturity. The tenor of NCDs is 5 years. Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Hyderabad markets.

Adani Enterprises' first Indian retail bond fully subscribed at launch

Such retail bond sales are rare and Adani is the first non-financial company to issue them since 2016.

Sebi working on simplified rules for foreigners investing in govt bonds

Foreign investment in Indian government bonds has risen sharply since September 2023, when J.P. Morgan announced the inclusion of India in its debt indexes

China's central bank starts trading govt bonds to influence yield curve

After starting with just verbal warnings earlier this year, the PBOC's pushback against the bond rally has evolved into action since early August

Adani Enterprises to raise up to Rs 800 cr as non-convertible debentures

The majority of the proceeds from the issue will be utilised to prepay or repay, in full or in part, the existing debt, and up to 25 per cent for general corporate purposes

SBI raises Rs 7,500 cr via tier 2 bonds to meet regulatory needs, others

May look at another round of Tier II bond issuance as yields soften

Canara Bank mops up Rs 3,000 crore in additional Tier-I bonds at 8.27%

The coupon was lower than market expectations; this is the first AT-I issuance by a bank in FY25

Grip Invest launches first privately placed Rs 10,000 face value bonds

One part of the issuance worth Rs 6.5 crore was launched on the Grip platform, which was fully subscribed, said Nikhil Aggarwal, Founder & Group CEO, Grip