Bonds
Axis Bank, Indian Bank eye infra bond route for fund-raise next month
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.
RBI issues guidelines for foreign investors looking at Sovereign Green Bonds
The Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Financial Services Centre, better known as Gift City
SBI raises Rs 7500 crore through tier-II bonds
State Bank of India has raised Rs 7,500 crore through Basel III compliant tier 2 bonds at a 7.42% annual rate. This 15-year bond has a call option after 10 years.
Adani Enterprises files DRHP with Sebi for Rs 800 cr offering up to 9.9%
The NCDs are rated CARE A+ (Positive) by CARE Ratings Ltd., offering an effective yield of up to 9.9% annually across eight series. Investors can participate with a minimum investment of Rs 10,000, or 10 NCDs, with further investments in multiples of Rs 1,000. The bonds are available in tenors ranging from 2 to 5 years.
Adani Enterprises likely to launch Rs 800-crore public bond issue on Sept 4
Adani Enterprises plans to launch a public bond issue worth ₹800 crore on September 4. The issue, managed by the Trust Group, AK Capital, and Nuvama Wealth Management, has a base size of ₹400 crore and an option to keep another ₹400 crore under the green shoe option. The bonds are expected to be rated A+.
Bank of Baroda raises Rs 5,000 crore from infra bond
State-owned Bank of Baroda on Tuesday said it has raised Rs 5,000 crore by issuing long-term infrastructure bonds. The lender said it is a ten-year bond issued at a coupon of 7.30 per cent, as per an official statement.
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Grip Invest launches India's first privately placed investment grade bonds with Rs 10,000 face value, offering 14% yield
India's first privately placed investment grade bonds with a face value of Rs. 10,000 have been launched by Grip Invest with a tenure of 17 months.
ICICI Securities PD looks to augment debt market play, raises Rs 300 crore via bonds
ICICI Securities Primary Dealership has raised Rs 300 crore through the issuance of bonds as the country’s largest standalone primary dealer looks to augment capital and boost operations at a time when various factors, such as India’s inclusion in a global bond index, have led to a favourable bond market outlook.
Resourceful Automobile's Rs 12-crore IPO oversubscribed 419 times; attracts bid for Rs 4,800 crore
The recent Rs 12 crore initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crore.
India's first perpetual bond issue since valuation rule tweak sees strong interest
India's first additional Tier I perpetual bond issuance after recent rule changes to make them more appealing was sold at a lower-than-expected coupon, indicating a revival in demand for such papers, four merchant bankers said on Tuesday.
RBI buying back SGBs: Should you tender?
The Reserve Bank of India has decided to offer early redemptions for 30 Sovereign Gold Bond series maturing from October 2024 to March 2025. Investors can choose to withdraw early starting September 2024. Financial experts advise against early redemption to maximize benefits, as past bond holders earned an average return of 10.94%.
India’s ‘sweet spot’ lures bond funds amid global market turmoil
Global funds have invested $7 billion into India's debt market over 14 weeks, showcasing the country's appeal amid global financial instability. Factors like interest rate cut prospects, the rupee's stability, and inclusion in key indices have driven investor interest. India's bonds are among Asia's top performers this year.
Indian state-run firms set to issue long term bonds to meet investor demand
At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.
Foreign banks await Fed speak on ‘soft or hard’ landing to gauge pace of India bond flows
Foreign investment in Indian bonds has remained resilient amid global market instability. The Federal Reserve's upcoming decision on interest rate cuts will influence future bond demand
SBI, other PSU Banks hit Bond Street to raise Rs 20,000 cr by month-end
State-owned banks, including SBI and Bank of Baroda, aimed to raise nearly ₹20,000 crore by month's end through debt markets, responding to a credit growth outpacing deposit growth. SBI planned to raise ₹5,000 crore-10,000 crore with tier-2 bonds, and Canara Bank would issue AT-1 bonds worth up to ₹4,000 crore to meet financial demands.
EU banks expect India bond trades to go on
Four European banks expected permission from their national regulators to continue trading with India’s Clearing Corporation despite an imminent deadline. Recent communications between Indian and European authorities indicated potential resolution to the regulatory dispute that started when ESMA de-recognised the Clearing Corporation in October 2022, impacting major bond and derivatives trading.
