State-owned Canara Bank on Tuesday said it has raised Rs 120 crore by issuing Basel III compliant bonds
Dealers say unless retail investors are attracted, nothing much can happen in the space
"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said
Offer significant spread over 'AAA' corporate bond funds over 3-yr period
Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nation's top debt arrangers
The firm will raise the money through issuance of non-convertible bonds via private placement
Shift portion of investments towards real estate, credit funds
The yield contraction helped companies raise money and tide over the tight liquidity conditions they were facing after defaults by prominent NBFCs such as IL&FS and DHFL
Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds
Indian policy makers have put a priority on deepening the nation's corporate bond market given the high level of bad loans at local banks
Higher inflation tolerance will increase risks
At Rs 8.27 trillion, borrowing at record high this year
The smartphone maker raised a record amount of money to add to its war chest.
The proceeds from the equity placement will be used for business expansion.
Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months
Government and corporate bond schemes of NPS are unlikely to beat equity schemes over the long term
To boost repo trading in corporate bonds, the board also approved the proposal to facilitate setting up of a limited purpose repo clearing corporation.
Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%
The yields of some prominent companies are still at very high levels and high net-worth individuals and family offices, who are lapping up these bonds at very attractive rates, are reaping the benefit
Move aimed at improving transparency and price discovery