Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting
Bond Connect Co is a joint venture between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Ltd
Will be the first such issuance in over a year, signalling that high-yield markets overseas are opening up, but remain circumspect on likely impact on debt serviceability after Covid outbreak
Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis
About 46 per cent of this sum for purchase by public sector banks is for bonds or CPs rated below 'AA'
The board also gave its approval to additional fundraising of Rs 1,000 crore through Basel-III-compliant tier-I and -II bonds or other such securities at an appropriate time, it added
The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023
The bank has sought shareholders' approval to issue unsecured perpetual debt instruments (part of AT1 capital), and tier-II capital bonds.
The committee approved the issuance of 1,000 rated, listed, secured, redeemable non-convertible debentures
In May, RBI tried to switch Rs 30,000 crore worth of securities into longer tenure one, but could manage to do less than a third of that
The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.
The lemder raise funds from global markets on a regular basis for lending operations and to repay financial instruments maturing during the year
AT1 bonds are hybrid instruments and pay a slightly higher rate of interest compared to similar non-perpetual bonds.
Central bank does huge OMO silently to control domestic bond yields
Such switches happen to enable the government repay the loans at a later date to ease the strain on the exchequer in the immediate term.
Economic slowdown hits activity, adding fuel to the fire
The technology company raised $8.5 billion by selling four different bonds with maturities ranging from three years to 30 years
According to the latest available figures, the Reserve Bank of India had about Rs 9 trillion worth of bonds on its books
Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform
The 25% tumble in the index has meant that stocks currently offer an earnings yield of about 5.25%, compared with the domestic benchmark 10-year yield of about 6.50%