Bank Bonds
Indian bond yields may partly reverse fall as US peers move higher
US bond yields rose, as traders booked profits after a recent fall, and as yields witnessed a floor. However, the possibility that the Fed could do another outsized rate cut remain intact
 "Indian bond yields may partly reverse fall as US peers move higher")
Bank bond issuance likely to touch Rs 1.2 trn level in FY25 : Report
Infrastructure to command about 66% share in issuance, according to ICRA
 "Bank bond issuance likely to touch Rs 1.2 trn level in FY25 : Report")
India's move to buy back bonds runs into RBI's need to keep tight stance
Last week, the monetary authority accepted bids for about a quarter of the 400 billion rupees ($4.8 billion) of bonds the government offered to repurchase
 "India's move to buy back bonds runs into RBI's need to keep tight stance")
HDFC Bank raises Rs 2,910 cr via infrastructure bonds for funding projects
The issue size was Rs 1,000 crore with a green shoe option of Rs 2,000 crore, debt market sources said. These bonds carry an "AAA" rating from CRISIL
 "HDFC Bank raises Rs 2,910 cr via infrastructure bonds for funding projects")
BoB raises Rs 5,000 cr via infra bonds; completes Rs 10,000 cr target
The coupon was fixed at 7.57 per cent for the 10-year paper. Bond market sources said the initial guidance for the coupon was 7.63-7.64 per cent
 "BoB raises Rs 5,000 cr via infra bonds; completes Rs 10,000 cr target")
Grip partners with wealth-tech platform to offer fixed-income products
Under the collaboration, Grip will introduce its products such as Securitised Debt Instruments (SDIs) and corporate bonds, to Centricity's platform
 "Grip partners with wealth-tech platform to offer fixed-income products")
You can get exposure to a basket of bonds at a minimum Rs 1 lakh investment
Bengaluru-based fixed-income platform Wint Wealth on Monday launched its new Securitized Debt Instrument (SDI) offerings, i.e., a basket of bonds that allow investors to invest in multiple listed seni
 "You can get exposure to a basket of bonds at a minimum Rs 1 lakh investment")
IIFL Finance fully repays its maiden $400 million bond in April
Fairfax-backed IIFL Finance on Friday said it has fully repaid its maiden USD 400 million bond on maturity this month. The retail focused non-bank had raised the money as part of its medium-term note programme in February 2020. Kapish Jain, its group chief financial officer, said the company had pre-paid a portion of the bond early last fiscal -- FY23. Earlier this month, the Canada-based company had secured USD 100 million in long-term funding from Export Development Canada and Deutsche Bank. IIFL Finance had a loan book of Rs 57,941 crore in December 2022. It offers home loans, gold loans, digital loans and micro finance loans.
 "IIFL Finance fully repays its maiden $400 million bond in April")
Banks tier II bond issuance surges 3.5 times in FY23, shows data
The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity
 "Banks tier II bond issuance surges 3.5 times in FY23, shows data")
SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23
UCO Bank mulls AT1 offering to raise Rs 1,000 cr
 "SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23")
NBFCs need to be mindful of rising borrowing costs, says RBI report
'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'
 "NBFCs need to be mindful of rising borrowing costs, says RBI report")
SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth
Bank intends to raise before Mar23 though approval is till 2024
In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year
Analysts cite credit growth surge, better risk profile of tier-2 bonds behind the rush
 "In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year")
Bank of Maharashtra likely to sell Rs 1000 crore of AT-1 bonds
Over the last couple of weeks, banks have made a beeline to raise funds by issuing debt instruments
 "Bank of Maharashtra likely to sell Rs 1000 crore of AT-1 bonds")
Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale
The quantum raised through Tier 2 bonds is set to rise much further in coming days as Axis Bank is slated to sell Rs 12,000 crore of such instruments on Friday
 "Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale")
ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects
The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore
 "ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects")
ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales
ICICI likely to issue long-term bonds, Axis mulls infra bond sale
 "ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales")
South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch
Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency
 "South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch")
SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times
10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield
 "SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times")
PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds
The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag
 "PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds")
