Market participants said that the company did not raise the entire amount as the investors were demanding a higher coupon
In 2024, 33 bonds defaulted- 28 were corporate bonds, 4 public-private bonds, and only 1 was a government bond
DME Development issues its first green bond
November's decline in inflows in the FAR securities was influenced by the rise in US yields, the dollar's strengthening, and the Trump trade, which shifted investments to US equities
The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low
Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government
The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore
So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds
With the raising of Rs 10,000 crore from infra bonds, SBI's total fundraise has touched Rs 50,000 crore so far during the current financial year. The country's biggest lender State Bank of India earlier this month had raised Rs 10,000 crore through its seventh infrastructure bond issuance. The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at a very competitive rate, SBI said in a statement. All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size, it said. SBI Chairman CS Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank. The investors were across provident funds, pension funds, insurance companies, mutual funds, banks etc, it said. These bonds are of 15 years tenor except for the AT1 Bonds which is perpetual. Last month, SB
So far, lenders have raised Rs 74,256 cr
Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government
The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani
State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation
Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
Order involves four entities, including two related to altGraaf; action after probe revealed they lack safeguards for investors
Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool
The benchmark 10-year bond yield ended at 6.7958%, compared with the previous close of 6.7874%
The benchmark 10-year yield ended at 6.7874%, compared with Friday's closing level of 6.7762%. The yield traded in a one-basis point range on Monday
The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure
The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid