Page 3 - India Bond Market

RBI announces to add bond derivatives to investors' hedging toolkit

Reserve Bank of India Governor Sanjay Malhotra announced the plan in the authority's policy statement Friday

RBI announces slew of measures to inject liquidity to banking system

The central bank will conduct Open Market Operation purchase auctions of government securities worth Rs 600 bn ($6.96 bn) in three tranches and hold a 56-day variable rate repo auction for Rs 500 bn

Vedanta Resources raises $1.1 billion through dual tranche bond issuance

Mining mogul Anil Agarwal's Vedanta Resources has raised USD 1.1 billion through a new bond offering to prepay existing liabilities, the company said in a Singapore exchange filing. Vedanta Resources Finance II plc, a wholly owned subsidiary of Vedanta Resources, raised USD 1.1 billion through a new dual tranche issuance in international debt capital markets. Vedanta Resources Ltd (VRL) has raised USD 3.1 billion in USD bonds since September 2024. As per the exchange filing, the latest bond issuance consists of two tranches - a USD 550 million tranche of 5.5 years tenor at a 9.475 per cent interest rate and a USD 550 million tranche of 8.25 years tenor at a 9.850 per cent interest rate. Both tranches garnered strong investor demand with the bonds receiving final orders of USD 3.4 billion from over 135 accounts, representing an oversubscription of 3.1x, the company said. "The net proceeds from the offering of the Bonds will be used to prepay Vedanta's outstanding bonds (including a

India sees biggest bond outflows since 2020 amid global volatility

They sold a net $705.5 million of fixed-income securities on Jan. 8, according to the Central Depository Services figures compiled by Bloomberg. That's the biggest single-day sale since May 2020

Heavy supply schedule nudges govt bond yields higher as 2025 kicks off

The 10-year bond yield was at 6.7742 per cent as of 10:10 a.m. IST on Wednesday, compared with its previous close of 6.7597 per cent

Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood

There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities

National Housing Bank raises Rs 3,830 cr through 10-year bonds at 7.14%

NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent

RBI eases its hawkish stance, index addition to extend market bond rally

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

FTSE Russell Index revamp has S Korean, Indian bond markets on watch

FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index, which tracks $29 trillion of global fixed income

Foreign investors to step up Indian bond purchases in H2 as rate cuts close

Foreign funds bought debt worth 718 billion rupees in the first half of fiscal 2025, according to clearing house data, and investors expect purchases to jump by up to 40% in the second half

SBI may raise up to Rs 7,500 crore via 2nd tranche of Tier-II bonds

In the current financial year, the lender has raised Rs 20,000 crore through two tranches of infrastructure bonds

Indian govt bond yields seen marginally higher, tracking US peers

Markets are fully pricing in a rate cut of at least 25 basis points at the Fed's mid-September meeting

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

Indian govt bond yields steady, RBI warns of cautious policy on inflation

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.88 per cent

Govt bond yields may ease tracking US peers, market eyes fresh cues

Traders will, however, watch out for minutes from the latest policy meetings of Fed and Reserve Bank of India

Govt bond yields expected to rise tracking US peers, debt sale in focus

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.89 per cent

India bond yields marginally lower as traders await US inflation data

India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June

Bond market participants see OMO sales as liquidity surplus surges

The liquidity in the banking system has improved significantly on the back of government spending

Govt bonds receive $1 billion inflow as investors shrug off curbs

Offshore investors bought Rs 90.9 billion ($1.1 billion) of the so-called fully accessible route bonds in the week through Aug. 2

JPMorgan to closely monitor Indian bond liquidity after investor curbs

The South Asian nation surprised investors by imposing restrictions on sales of new securities with those tenors this week, just a month after it was included in JPMorgan's flagship gauge