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Page 3 - Bond Market

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

BII vows $75 mn to Symbiotics' 2nd green basket bond for emerging markets
Updated On : 25 Jun 2024 | 5:43 PM IST

'Tata Power Renewable Energy accepts bids for multiple-tenor bonds'

The issuer will pay a coupon of 7.93 per cent on both the bond issues and had invited bids for the same earlier in the day

'Tata Power Renewable Energy accepts bids for multiple-tenor bonds'
Updated On : 25 Jun 2024 | 4:46 PM IST

Govt bonds flattish as investors await inflows in index inclusion week

Indian bonds will be included in JPMorgan's widely-tracked emerging market debt index on June 28

Govt bonds flattish as investors await inflows in index inclusion week
Updated On : 25 Jun 2024 | 11:05 AM IST

Bank of Japan's bond holdings effective in lowering yields, paper shows

The findings come ahead of the BOJ's scheduled announcement next month of a detailed plan on how to trim its massive bond purchases and reduce its nearly $5 trillion balance sheet

Bank of Japan's bond holdings effective in lowering yields, paper shows
Updated On : 24 Jun 2024 | 3:37 PM IST

Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance

The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said

Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance
Updated On : 24 Jun 2024 | 12:06 PM IST

Govt bond yields flat as traders monitor debt sale, RBI policy minutes

Reserve Bank of India (RBI) will release the minutes of its June policy meeting after market hours on Friday

Govt bond yields flat as traders monitor debt sale, RBI policy minutes
Updated On : 21 Jun 2024 | 10:25 AM IST

Foreign banks bought Indian govt bonds worth Rs 8,038 cr on Jun 13: Data

These banks stepped up purchases after a softer-than-expected US inflation print ramped up rate cut bets, with India's inclusion in JPMorgan's emerging market debt index also a factor, traders said

Foreign banks bought Indian govt bonds worth Rs 8,038 cr on Jun 13: Data
Updated On : 14 Jun 2024 | 4:12 PM IST

Sebi bats for tax benefits in 'zero coupon zero principal bond' investments

To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange. Talking to reporters here on Friday, Sebi's Whole Time Member Kamlesh Chandra Varshney said the regulator has already sent a proposal to the finance ministry and is hopeful of getting the approval. "We have given the proposal to the government that corporate entities who invest in ZCZPs should get the benefits of CSR (Corporate Social Responsibility). We are hopeful that the government will soon approve the proposal," Varshney said at an event organised by NSE on SSE here. Moreover, the CBDT has already clarified that investors or donors buying such bonds will get the tax benefits under section 8OG of Income Tax rules, he added. These measures will be pertinent towards inclusive growth of the social sector and will help build trust

Sebi bats for tax benefits in 'zero coupon zero principal bond' investments
Updated On : 14 Jun 2024 | 4:01 PM IST

Govt bond yields little changed ahead of US inflation data, Fed meet

India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs

Govt bond yields little changed ahead of US inflation data, Fed meet
Updated On : 11 Jun 2024 | 9:57 AM IST

Rupee, bond slump as ruling BJP fails to secure majority on its own

Market expected strong opening by the ruling alliance, say one bond dealer

Rupee, bond slump as ruling BJP fails to secure majority on its own
Updated On : 04 Jun 2024 | 8:18 PM IST

Benchmark bond yield sees biggest daily rise in 8 months on poll results

India's benchmark 10-year yield ended at 7.0382%, following its previous close at 6.9438%. The yield also witnessed its biggest single-session climb since Oct. 6

Benchmark bond yield sees biggest daily rise in 8 months on poll results
Updated On : 04 Jun 2024 | 5:37 PM IST

Indian govt bond yields likely to inch further up mirroring US peers

India's benchmark 10-year yield is likely to move in a 7.00 per cent -7.04 per cent range, following its previous close of 7.0129 per cent, a trader with a state-run bank said

Indian govt bond yields likely to inch further up mirroring US peers
Updated On : 30 May 2024 | 9:07 AM IST

Indian benchmark bond yields marginally higher mirroring US peers

U.S. yields rose, with the 10-year yield rising above 4.55%, as uncertainty over the timing and magnitude of rate cuts by the Federal Reserve in 2024 persisted

Indian benchmark bond yields marginally higher mirroring US peers
Updated On : 29 May 2024 | 7:45 PM IST

Indian govt bond yields seen steady as traders await fresh triggers

Bond yields have eased over the last few sessions, after the Reserve Bank of India's board last week approved the transfer of a record 2.11 trillion rupees as surplus to the government

Indian govt bond yields seen steady as traders await fresh triggers
Updated On : 28 May 2024 | 8:46 AM IST

Govt will buy back sovereign bonds worth Rs 40,000 crore, says RBI

The securities offered for buyback are four government bonds with maturity dates in the second half of 2024, the Reserve Bank of India (RBI) said in a statement

Govt will buy back sovereign bonds worth Rs 40,000 crore, says RBI
Updated On : 27 May 2024 | 7:53 PM IST

Indian bonds best bet in Asia for JPMorgan asset before inclusion

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion

Indian bonds best bet in Asia for JPMorgan asset before inclusion
Updated On : 27 May 2024 | 11:56 AM IST

India's inclusion in global bond index not enough to lift rating: Moody's

De Guzman's comments mirror global investors' generally bullish outlook on the country that's been layered with notes of caution about macroeconomic challenges

India's inclusion in global bond index not enough to lift rating: Moody's
Updated On : 20 May 2024 | 5:02 PM IST

New 10-year government bond dethrones old 10-year bond as benchmark

Since the maiden issuance of the bond on April 8, the bond has seen a total issuance of Rs 60,000 crore across three auctions

New 10-year government bond dethrones old 10-year bond as benchmark
Updated On : 17 May 2024 | 8:05 PM IST

Bond traders hanker for short-term borrowing cuts as buybacks fail

Banking system liquidity has stayed in deficit for last four weeks, coinciding with start of the first phase of general elections, with average daily average deficit in May rising to Rs 1.2 trillion

Bond traders hanker for short-term borrowing cuts as buybacks fail
Updated On : 17 May 2024 | 4:09 PM IST

Around 700 surety bonds worth Rs 3,000 cr issued by Insurance cos so far

About 700 insurance surety bonds valued at around Rs 3,000 crore have been issued by different insurance companies so far, an official statement said on Wednesday. The statement further said state-owned NHAI has so far received 164 insurance surety bonds, consisting of 20 bonds for performance security and 144 bonds for bid securities. Insurance surety bonds are financial instruments, where insurers act as 'surety' and provide the financial guarantee that the contractor will fulfil its obligation as per the agreed terms. Wider adoption of such instruments will help to strengthen infrastructure development in the country. According to the statement, the Ministry of Finance has made insurance surety bonds at par with bank guarantees for all government procurement, and NHAI has been urging insurance companies and contractors to use insurance surety bonds as an additional mode of submitting bid security, and /or performance security. NHAI on Wednesday organised a workshop in New Delhi

Around 700 surety bonds worth Rs 3,000 cr issued by Insurance cos so far
Updated On : 15 May 2024 | 9:05 PM IST