For bulls who powered the massive rally, the tactical trade at the moment is to move into the bonds, whose appeal has been further burnished by the nation's improving finances
Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature
India's benchmark 10-year yield was at 7.0808% as of 10:00 a.m. IST, following its previous close of 7.0789%
Bonds also got a boost from a reduction in the government's fiscal deficit target to 5.1 per cent of gross domestic product versus an estimate of 5.3 per cent in the survey
The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion
Market participants said that if the government refrains from spending, the central bank might resort to other measures to infuse liquidity apart from variable rate repo auctions
They added that the recommendation was currently under review with the NFRA, a regulator that oversees auditing, which will submit its views to a panel of top regulators
India's trillion-dollar sovereign bond market is gearing up for a rush of foreign money in the run-up to inclusion in JPMorgan Chase & Co.'s emerging markets bond index in June
Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses
Commercial papers are an unsecured form of short-term debt issued by corporations, which serves as a financial tool primarily directed at addressing immediate financial obligations
Foreign investors pumped in Rs 14,281 crore in domestic debt market in January
REC plans to raise up to Rs 1,000 cr ($120.43 million), including a greenshoe of Rs 500 crore billion, through bonds maturing in over three years
Axis Bank, which dominated the local-currency bond market from 2007 to 2022, came in third after arranging 763.5 billion rupees of transactions
The Fed hinted at a pivot in its December policy, and signalled three potential rate cuts totalling 75 bps in 2024
HDFC Bank, Shriram Finance, Tata Projects to raise funds
Earlier, earnings yields in the Indian equities have risen in line with the rise in bond yields in the US
For financial intermediaries globally, interest rate risk seems to be higher than credit risks, of loans turning non-performing assets, at this point. Fortunately, India is a different story
Government bond funds net Rs 2,000 crore investments in October
Foreign inflows expected after index inclusion; rate cuts on the horizon
Adani Energy Solutions (AESL), earlier known as Adani Transmission, is planning to raise USD 360 million (around Rs 3,000 crore) through issuing bonds on a private placement basis. "...we are looking for a private placement of USD 360 million of transmission assets which were commissioned in the last three to four years," Rohit Soni, Chief Financial Officer of Adani Energy Solutions, said during an investors call. He further informed that the company is still working if it can get (raise USD 360 million) via bonds early next year and the work is still in progress. He also informed that paperwork (for the bond issue) are underway. Soni also told analysts about the company's plan to raise another USD 1 billion, saying, "we are looking at a billion dollar of raise, so I think we are still working on it, so the time what we have given by year end that still holds good from our perspective." In May this year, the board has approved raising of funds by way of issuance of equities worth