Page 5 - Corporate Bonds

Trust Mutual Fund adds corporate bond fund to its offerings

The new fund offering will close on January 18

High portfolio yields to make debt funds an attractive option in 2023

Investors could also get the benefit of capital gains this year

Rising interest rates to mute bond issuance this fiscal, says report

Corporate bond issuance is likely to remain muted witnessing 4-5 per cent growth this fiscal to touch Rs 41.42 lakh crore on rising coupon rates, despite the drawdown more than doubling in the second quarter, a report said. Bond sales more than doubled to Rs 2.1 lakh crore in the second quarter from the first quarter, when it was at a multi-year quarterly low of Rs 1 lakh crore, as banks issued bonds worth an all-time high of Rs 53,900 crore, and NBFCs, traditionally largest players in the market, issuing securities worth Rs 1.1 lakh crore in Q2, according to an analysis by Icra Ratings. Non-banking lenders have remained the largest issuers of bonds with a share of 47 per cent in the first half, followed by corporates and banks at 33 and 20 per cent, respectively, down from 50, 40 and 10 per cent, respectively from H1FY22, according to the report. Thanks to bumper sales in Q2, the overall bond issuances rose to Rs 3.3 lakh crore in the first half, and the agency expects Rs 3.7-4.2 .

Sebi allows stock brokers to place client bids on RFQ platform from Jan 1

The stock exchanges launched the platform in February 2020 to bring transparency in over the counter deals

Days of delivering sub-par returns may soon come to an end for debt funds

The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future

Time to forge new bonds: Is corporate bond market at an inflection point?

Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep

Must improve trade data integrity in corporate bonds: RBI Deputy Governor

"While we can discuss the reasons for this trend, it is clear that the corporate bond market largely meets the needs of highly rated corporates," he said

Credit's rout is so severe that double-digit losses are the norm

Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show

Startup firms let Indian retail investors buy corporate debt at $130

The new start ups are seeking to reassure investors they are doing all they can to protect their clients

Fund raising via debt placement hits 6-year low at Rs 5.88 trn in FY22

Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 trn

Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India

Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.

HDFC raises Rs 10,000 crore through debentures at 7.18%

Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.

Mumbai airport hires banks for sale of dollar-denominated bonds: Report

Mumbai International Airport has hired a group of banks to arrange a sale of US dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday.

RBI proposes adding corporate bonds in banks' HTM category

An investment in the HTM category doesn't require to be valued at the current market price

PMS to undertake 10% transactions in corp bonds via RFQ platform: Sebi

Sebi on Thursday said PMS will have to undertake at least 10 per cent of their transactions through the request for quote platform.

JM Financial floats digital investment platform for corporate bonds

Aims to create an ecosystem whereby retail investors can easily participate in the securities market that has so far been dominated by institutional investors

Bank of Baroda to raise up to Rs 3,000 crore via Basel III bonds

Shares of Bank of Baroda were trading at Rs 99.30 apiece on BSE, up 1.85 per cent from previous close

State-owned Canara Bank raises Rs 1,500 crore through bonds

Stock of Canara Bank closed 1.71 per cent up at Rs 201.95 on BSE.

Sebi proposes capping ISINs for corporate bonds to enhance liquidity

With an aim to boost liquidity in the corporate bond market, Sebi on Friday suggested further capping the number of ISINs for such bonds issued on a private placement basis

HDFC Bank raises Rs 5,000 crore through bond issue

A total of 50,000 bonds have been issued with face value of Rs 10 lakh each.