Page 2 - Bond Market

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

Corporate bond market needs to be strengthened: SBI chairman Setty

State Bank of India Chairman C S Setty on Wednesday stressed that the corporate bond market needs to be strengthened even as he assured that the banking industry's exposure to small loans remains manageable, primarily due to the active participation of NBFCs and MFIs. Speaking on the sidelines of Bengal Chambers of Commerce and Industry's annual financial market conclave here, Setty also addressed concerns about the slowdown in unsecured loans and the importance of maintaining a healthy CASA (current and savings account) ratio. "One of the major points in corporate lending is that it was mainly done by banks. Corporate bond market still has to get strengthened," Setty said. "I think these financial services players were also significant players in mobilizing the household deposits, and have to come to the market," he said. Setty said that the banking industry is not into small value loans as such loans are given by NBFCs and MFs and added that there is some slowdown due to the ...

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

China's central bank starts trading govt bonds to influence yield curve

After starting with just verbal warnings earlier this year, the PBOC's pushback against the bond rally has evolved into action since early August

Adani Enterprises to raise up to Rs 800 cr as non-convertible debentures

The majority of the proceeds from the issue will be utilised to prepay or repay, in full or in part, the existing debt, and up to 25 per cent for general corporate purposes

Govt bond yields seen steady as markets focus on inflation prints

The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down

RBI to keep popular govt bond tenors free of foreign investment curbs

The decision on exclusions from the FAR category is not based on any consideration of volatility

Foreign investors unhappy after India restores curbs on some bond purchases

The decision had been made in consultation with the government, the Reserve Bank of India added, but gave no reason

Piramal Finance eyes overseas bond market for funding diversification

The diversified non-banking finance company (NBFC) aims to increase its borrowing from international sources to 10 to 12 per cent over the next 2-3 years, up from the current 4 per cent

Govt bond yields flat before debt sale; budget remains a key driver

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

Indian sovereign bond inflows cool for second week amid index inclusion

Inflows into the so-called fully accessible route bonds, slowed to 35.9 billion rupees ($430 million) in the week through July 5, from 46.6 billion rupees in the previous week

Wall Street maps out what a Trump election win would mean for bond market

Buy-side investors like Jack McIntyre, a portfolio manager at Brandywine Global Investment Management, are increasingly taking note.

NaBFID raises Rs 5,000 cr via bonds, gets oversubscribed by 6 times

The National Bank for Financing Infrastructure and Development (NaBFID) on Tuesday said it has raised Rs 5,000 crore by issuance of listed bonds. The issue received overwhelming response from the investors with bids of Rs 12,287 crore, NaBFID said in a regulatory filing. The bonds were oversubscribed 6 times, against the base issue of Rs 2,000 crore. The unsecured non-convertible, 'AAA' rated with stable outlook, debt securities have been issued at an annualized coupon rate of 7.43 per cent for a 10 year-tenure. This represents a spread of 26 basis points over the corresponding Financial Benchmarks India Pvt Ltd (FBIL) GSec par yield curve, it said, adding, the total number of bids received was 131, indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, banks etc indicating the trust of investors across segment, it said. "This issuance is also very significant as NaBFID has been successful in raisi

Cost of capital to slide as demand for bonds to exceed supply: Axis Capital

At present, the spread between the 10-year benchmark bond yield and similar tenor state debt yield is around 31-35 basis points

India to see more bond investors move onshore as index weight rises

The Wall Street firm expects $20-$25 billion of inflows into Indian debt as a result of the index inclusion

Emerging markets: The year's $321 bn bond spree is set to catch its breath

The amount of debt sold by government and corporate borrowers in developing markets has reached $321 billion in the busiest first-half since 2021

SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon

The coupon of 7.36 per cent represents a spread of 21 basis points (bps) over the corresponding government bond curve

SBI raises Rs 10,000 cr via infrastructure bond issuance to fund projects

State Bank of India (SBI) on Wednesday raised Rs 10,000 crore through its fifth infrastructure bond issuance. The country's largest lender raised the funds at a coupon rate of 7.36 per cent. The issue attracted overwhelming response from investors with bids in excess of Rs 19,884 crore and was oversubscribed by around four times against the base issue size of Rs 5,000 crore, SBI said in a regulatory filing. The total number of bids received was 143, indicating wider participation with heterogeneity of bids, it said. The investors were across provident funds, pension funds, insurance companies, mutual funds, corporates etc, it said. The proceeds of bonds will be utilized in enhancing long-term resources for funding infrastructure and affordable housing segments, it said. "Based on the response, the bank has decided to accept Rs 10,000 crore at a coupon rate of 7.36 per cent payable annually. This represents a spread of 21 bps over the corresponding FBIL G-Sec par curve," it said.

India bond yields remain steady ahead of JPMorgan's index inclusion

The benchmark 10-year yield ended at 6.9858 per cent, following its previous close of 6.9741 per cent

BII vows $75 mn to Symbiotics' 2nd green basket bond for emerging markets

British International Investment, the UK's development finance institution, on Tuesday said it has committed USD 75 million (about Rs 625 crore) to the second green basket bond arranged by emerging markets access platform and financial lender Symbiotics Investments. The green lending programme will increase financing to small-scale green projects across Africa, South and South-East Asia through MSME lenders, with 50 per cent of the financing earmarked for India, British International Investment (BII) said in a statement. It will focus on supporting new MSME lenders not included in the first green basket bond. The first green basket bond supported 11 MSME lenders in India, Vietnam, Cambodia, Tunisia, Botswana, Kenya, Bangladesh and Nepal, it added. "Partnering with Symbiotics on a second green basket bond signifies a continued commitment to empowering smaller financial institutions and supporting sustainable development in climate-vulnerable regions," BII Managing Director and Head o