Page 20 - Debt

Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt

Telecom major Bharti Airtel is planning to raise funds up to USD 1 billion (about Rs 7,000 crore) via a bond issue by its subsidiary Network i2i, the proceeds of which will be used to reduce debt. "...offering of USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited (a direct 100 per cent subsidiary of Bharti Airtel) expected to be rated BB by both S&P and Fitch may follow, subject to market conditions," Bharti Airtel said in a regulatory filing. Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays, BNP Paribas, Citigroup, HSBC, J P Morgan and Standard Chartered Bank as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings and calls across Asia, Europe and the US starting Wednesday, it added. Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. The proceeds from ..

Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

Lenders to troubled real estate financier Altico Capital begin debt recast

The company is diversifying its portfolio, both in terms of sectors and ticket size

Why borrowers should move to longer-tenure loans to escape debt trap

Those who have loans running should set up a contingency fund

Investor flows into equity mutual funds jump in June to Rs 7,663 crore

Debt segment saw outflows of Rs 1.71 trillion compared to inflows of Rs 70,119 crore in May

How to detect debt trap and exit it before it hurts your credit score

It is unwise to hang on to assets even as your liabilities keep growing due to high interest charges

Stabilising stressed firms

A formal bankruptcy process stabilises the stressed firm, and directs the energy of lenders into the right channel

The world is only delaying the inevitable by not dealing with bulging debt

Inventive policymaking has only made the problem worse, guaranteeing that any eventual restructuring will be all the more painful

Punjab govt asks Centre to set up panel to review Rs 31,000 cr debt

Debt incurred for foodgrain procurement during the previous Akali Dal-BJP regime

Debt returns take a knock

It may be a good time to either increase allocation to fixed income or move money to equities

Fund raising via debt placement up 25% to Rs 6 lakh cr in 2016

In terms of numbers, a total of 3,366 issues were made in 2016 as compared to 2,953 in the year 2015

Debt funds pip equities for second year

The average two-year debt fund return is 10.2% against 3.3% for equity funds

Invest in debt, say fund managers as rate cut hopes rise

Debt funds are reaping the benefit of a rally in bond prices after the govt's demonetisation announcement

Govt to manage borrowings through PDMA in 2 years

Move is in line with steps announced by the government recently

The curse of debt

States must not stray from fiscal discipline

Top 10 corporate groups owe Rs 5.73 lakh cr to lenders

Govt has approved establishment of six new Debt Recovery Tribunals to speed up the recovery of bad loans

Repayment time to peak soon for market loans

Bengal, some others to face new and swelling debt headache from FY18

Debt MFs' G-sec exposure hits 13-month low in April

Around 12.4 per cent of the total debt assets under management (AUM) was invested in government paper

DRT vs Vijay Mallya: Debt recovery laws prevail over bank's confidentiality clause with clients

Debt Recovery Tribunals have powers of a civil court under Civil Procedure Code, 1908

RBI's proposed norms likely to squeeze credit for high debt firms

Proposed framework to progressively reduce the total exposure of banks to heavily indebted companies likely come into effect from financial year 2017-18