Market Borrowing

Nabfid likely to raise nearly Rs 40,000 crore through bonds in H2FY25

The financial institution is also looking to raise funds from multilateral agencies and is preparing for ratings to facilitate international market fundraises

NHPC secures shareholders nod to hike borrowing limit to Rs 50,000 cr

State-owned NHPC has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday. "All resolutions set out in the notice of 48th AGM were duly approved by shareholders with requisite majority," the company said in a regulatory filing. The proposal to increase the borrowing limit from Rs 40,000 crore to Rs 50,000 crore got the 99.99 per cent votes, the filing said. The tentative debt requirement for both ongoing projects and new projects up to FY 2032-33 as per CAPEX requirements will be approx Rs 80,000 crore, which will exceed paid-up share capital, free reserves and securities premium of the company, it said.

India's short-term borrowing costs decline to lowest in two years

The yield on the 364-day treasury bill dipped to 6.7240 per cent in an auction on Wednesday, the least since September 2022

Junk papers share of total bonds value at 20-month high in July

From December 2022 till June 2024, non-investment grade bonds accounted for less than five per cent of the value of total issuance

Global bond selloff upends markets as long term borrowing costs surge

Traders are bracing for an extended period of tight monetary policy, and demanding ever higher compensation to hold long-dated government debt

India's first-ever green bond auction gets better-than-expected yield

The five-year bond was sold at a cut-off yield of 7.10% versus 7.13% estimate

India's Rs 8,000-cr green bond debuts today, analysts see strong demand

Future premium hinges on incentives for banks, FII participation

India considers plan to reduce short-term borrowing as yields surge

The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter

States' market borrowing cost falls sharply by 11 basis points to 7.72%

After rising steeply for a month, the cost of market borrowing for states declined sharply on Tuesday with the weighted average cut-off falling by 11 basis points to 7.72 per cent from 7.83 per cent last week. The cost declined despite a rise in the weighted average tenor to 12 years from 11 years last week, according to an analysis by Icra Ratings. Nine states raised Rs 16,900 crore through state government securities (SGS) on Tuesday -- 10 per cent lower than the Rs 18,700 crore indicated for this week in the third quarter auction calendar. So far this year, bond sales by states are down 8 per cent over the year-ago period. The weighted average cut-off of states eased by 11 bps (basis points) to 7.72 per cent despite a rise in weighted average tenor to 12 years from 11 years and the 10-year benchmark G-sec yield remaining stable at 7.43 per cent in the auction on this Tuesday from last Tuesday. The weighted average cut-off of 10-year state bonds also declined by 10 bps to 7.73 pe

Capex on new projects declines further in Q2 amid higher borrowing costs

Higher global borrowing costs are expected to affect growth prospects

Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

Oil prices stable as market balances recession fears with tight supply

Oil prices have neutralised owing to the balance of recession fears with tight supply in world markets

Borrowing costs rise sharply for states on Ukraine-led geopolitical strife

Cut- off for state Development Loans up by 19 bps this week over auction held last week

Focus on climate is best news in India's 'bleak' new Budget

As a statement of accounts, Budget 2022 makes for grim reading. But a strong emphasis on green growth may offer India the economic narrative it's been lacking

India's growth-focused Budget sparks concerns on inflation, tighter rates

Plan to borrow record Rs 14.95 trn exceeds market estimates; high oil prices, prospect of Fed hikes contribute to worries

Centre may need to borrow Rs 1.6 trn more to pay states for revenue loss

The government is expected to muster only Rs 1.1 trillion as it borrows more for a second year straight.

Shortest ruling 10-year benchmark bond ever: Changes within three months

Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting

In a major relief, govt raises BSNL borrowing limit to Rs 39,713 crore

The approval is the key to BSNL's turnaround plan, which includes setting up a 4G network so that it can compete with private competitors.

States continue to tap cheap rates to borrow more than originally planned

Seven state governments had lined up to borrow Rs 9,000 crore, but ended up borrowing Rs 12,000 crore from the markets because of the cheap rates.

'Very limited' fiscal space may leave govt with Rs 20,000 cr for stimulus

Households contributes maximum to the gross value addition (44.3% during FY12-FY19), savings (61.1%) and fixed capital (39.2%) in the economy