Page 3 - Debt Securities

Hybrid funds get investors' attention; see Rs 27,220-cr inflow in Jun qtr

Hybrid funds are getting traction from investors with such instruments witnessing net inflow of Rs 27,220 crore in three months ended June, more than double from the preceding quarter

Sebi enhances disclosure requirements pertaining to listed debt securities

Sebi on Wednesday decided to bring listed companies' promoters and directors' dealings in listed debt securities under the purview of system driven disclosures. The stock exchanges and depositories will make necessary arrangements so that disclosures pertaining to listed debt securities along with equity shares and equity derivative instruments are disseminated on the websites of respective bourses from July 1, Sebi said in a circular. The system driven disclosures have already been implemented for members of promoter group, promoters, directors and designated person of a listed company under the insider trading norms. The disclosures pertains to trading in equity shares and equity derivative instruments -- futures and options -- of the listed company by such entities. The disclosures for equity and equity derivative segments are being displayed on the exchange website under 'system driven disclosures'. It has now been decided to include the listed debt securities of equity-listed

YES Bank board approves fundraising up to Rs 10K crore via debt securities

At the end of March quarter, the lender had a capital adequacy ratio of 17.5 per cent compared to 19.6 per cent as of December 31

Sebi proposes merger of debt securities rules into single regulation

To ease compliance burden on listed entities, Sebi on Wednesday proposed merger of listing rules pertaining to debt securities and non- convertible redeemable preference shares into a single regulation. The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the Sebi's LODR (Listing Obligations and Disclosure Requirements) rules and Debenture Trustees norms, the regulator said in a consultation paper. The Securities and Exchange Board of India (Sebi) has invited public comments, open for 21 days, on the proposal. Under the proposal, Sebi has suggested merger of the Issue and Listing of Debt Securities or ILDS norms and the Issue and Listing of Non-Convertible Redeemable Preference Shares or NCRPS Regulations into a single regulation -- Issue and Listing of Non-Convertible Securities or NCS Regulations. Further, NCS rules should also include certain provisions issued through circulars under ILDS and NCRPS norms, Sebi noted. The rules on I

Grasim Industries plans to raise funds via debt securities, term-loan

Aditya Birla group firm Grasim Industries on Wednesday said it plans to raise funds by availing term loans or by issuing debt securities. The board of the company, in a meeting held on Wednesday, has approved the raising of funds, Grasim Industries said in a regulatory filing without informing the amount which it intends to raise. It has also authorised the Finance Committee of the Board of Directors "to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities" and decide on all matters and transaction relating to the same. Besides term loans, Grasim would also raise funds by issuing debt securities including foreign currency denominated bonds or debentures or securities, which may be issued in tranches, in India or overseas, within the overall borrowing limit of Rs 10,000 crore, it added further. Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals. In FY .

Manappuram Fin board to meet on Mar 19 to consider issuing debt securities

Manappuram Finance said its Board of Directors will meet on March 19 to consider business plan and borrowing programme, including raising of funds through issuance of non-convertible debt securities

SBI Card plans to raise up to Rs 2,000 crore through debt securities

The firm looks to issue debt securities in one or more tranches

Govt move to buy investment grade debt securities positive step: Experts

The government's proposal to create a permanent institutional framework to buy investment grade debt securities is a very positive step for debt mutual funds, experts said on Monday.

Shriram Transport Finance plans to raise funds via debt securities

Shriram Transport Finance Company on Tuesday said its board will meet next month to consider raising funds through the issuance of debt securities

NSE launches new version of RFQ platform to cater to bond markets

To cater to requirements of bond markets, leading stock exchange NSE on Monday launched the new version of Request for Quote (RFQ) platform.

LIC Housing plans to raise Rs 50,500 crore by issuing debt securities

The proposal will be taken up at its annual general meeting on September 28 for approval from shareholders

HDFC Bank gets shareholders' nod for raising Rs 50,000 cr via debt

Last month, the board cleared capital proposal to be carried out over the next twelve months

Sebi relaxes compliance norms for entities planning to list debt securities

The decision has been taken after Sebi received representations from listed entities seeking extension of time for listing their debt securities pending finalisation of their annual accounts for FY20

Sebi extends compliance deadline for municipal bonds to July 31

The relaxation pertains to submission of investor grievance report, financial results and accounts maintained by issuers under ILDM Regulation, Sebi noted in a circular

Sebi lays down operational framework for transactions in default debt

Experts say the move can help mutual funds sell debt papers, which have defaulted to distressed funds

Fell short of mandatory borrowing through debt securities in FY20: PNB HF

The housing finance company (HFC) said its incremental borrowing last fiscal was Rs 21,870 crore

After Franklin fiasco, unlisted debt securities come under Sebi scrutiny

Industry estimates suggest Rs 5,700 crore exposed to such papers

Change in debt valuation norms from April 1 to impact liquid schemes

Market participants said that some volatility has already been factored in the schemes

Tata Steel committee of directors approves raising Rs 670 cr via NCDs

A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued

New debt disclosure norms to improve transparency, say fund managers

Legal experts said the move to specify penalties for default in payment or delay in listing in the term-sheet will bring in more legal sanctity