Page 2 - Us-dollar Bonds

Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans

Vedanta Resources, the parent firm of mining conglomerate Vedanta Ltd, on Wednesday raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds. In a statement, the firm said it has raised UDS 900 million at a coupon rate of 10.875 per cent in the five-year US dollar-denominated bond. "The net proceeds from the offering of the bonds will be used to repay certain of Vedanta's existing bonds (including any accrued interest thereto) and to pay any related transaction costs in connection thereto," it said. This is the first US dollar bond issued by Vedanta since February 2021. The bond received final orders of USD 1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing the confidence of these investors in the Vedanta story, the statement said. "The final allocation of the bonds represented the broad-based support which Vedanta enjoys, including 41 per cent from Asia, 24 per cent from EMEA an

Greenko Group gets $743 million credit line to refinance dollar bonds

The clean energy company, backed by Singapore's GIC sovereign wealth fund, will draw on the newly sanctioned credit line to refinance two sets of dollar bonds maturing in January and July 2025

Muthoot Finance accepts bids worth $650 million for dollar-bond issue

The non-banking finance company will use the proceeds for onward lending and other activities permitted under external commercial borrowing guidelines

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers

Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

Adani Green Energy to raise $409 million via US dollar-denominated bonds

Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

Adani Green Energy likely to raise $500 mn by tapping dollar bond market

Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature

Supported by equities, rupee appreciates 16 p to 82.82 against US dollar

The rupee appreciated 16 paise to 82.82 against the US dollar in early trade on Friday supported by positive domestic equities, as the interim budget focused on higher capex and faster fiscal consolidation. Forex traders said the interim budget had a positive impact on the domestic currency as it highlighted a reduction in the fiscal deficit to 5.1 per cent of GDP for FY25. Moreover, the weakness of the American currency in the overseas market also boosted sentiments. At the interbank foreign exchange, the rupee opened at 82.91 against the dollar and then touched a high of 82.82, registering a gain of 16 paise over its previous close. The rupee appreciated by 6 paise to close at 82.98 against the US dollar on Thursday after the government hinted at faster fiscal consolidation and lower borrowings in interim budget for 2024-25. Finance Minister Nirmala Sitharaman on Thursday hiked capital expenditure by 11 per cent for the next fiscal to sustain a world-beating economic growth rate

Global stock index edges up, dollar falls after US inflation reading

The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years

Rupee ends flat, wedged between Asia FX bump, foreign banks' dollar buys

The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session

Dollar up 0.47%, hits 1-month high amid tempered expectations of rate cut

Comments from European Central Bank officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally

State Bank of India raises $600 million through dollar bonds

S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued

Adani Green Energy to raise $410 million to refinance 2024 dollar bond

The refinancing plan for Adani Green's $500 million Dec. 10, 2024 bond, dated Dec. 8, fulfills a requirement laid out in the terms of the note

Dollar edges higher after inflation data reinforces expectations on Fed

"Traders didn't really believe in the hot PPI for September until CPI yesterday reinforced it," Helen Given, FX Trader at Monex USA, said

Adani Ports sees more offers worth $213 mn at dollar bond buyback

The outstanding for this bond stands at $520 million, according to data from LSEG

Adani Ports offers to buy back $195 mn of its 2024 dollar bond at discount

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves, according to a statement on Wednesday

Rupee depreciates 6 paise to 82.81 against US dollar in early trade

The rupee depreciated 6 paise to 82.81 against the US dollar in early trade on Tuesday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Forex traders said the rupee is trading lower on strong dollar and foreign fund outflows over the past few days. At the interbank foreign exchange, the domestic unit opened at 82.80, then touched 82.81, registering a decline of 6 paise over its last close as the RBI monetary policy committee meeting begins on Tuesday. The policy decision will be announced on Thursday. On Monday, the rupee had settled 6 paise higher at 82.75 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.28 per cent to 102.33. Brent crude futures, the global oil benchmark, rose 0.12 per cent to USD 85.44 per barrel. Rupee is trading in a narrow range and volatility remained low ahead of the RBI policy statement that is scheduled to release later this

Most Adani Group dollar bonds exit distressed levels on debt promises

Among the gainers were Adani Electricity Mumbai's dollar 2031 notes, which rose 0.7 cent to 72 cents as of 1.07 pm in Hong Kong

Gautam Adani's US dollar bonds fall after report by Hindenburg Research

In an approximately 100-page report, Hindenburg Research alleges a web of Adani-family controlled offshore shell entities in tax havens, in the Caribbean, Mauritius and the United Arab Emirates

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

China builders slide to record lows as top chairwoman Wu Yajun steps down

A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China's ailing property sector, fueling a further selloff