Page 3 - Bonds

Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Manappuram Finance plans to raise up to Rs 500 crore via bonds

A meeting of the company's Financial Resources and Management Committee of the Board of Directors will be held on December 24 to decide on the capital raise plan

Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds

Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore. "We now wish to inform you that the bank proposes to raise funds by issuing senior unsecured taxable redeemable non- convertible debentures of Rs 10 lakh each for cash at par with base issue size of Rs 2,000 crore and green-shoe option to retain over-subscription of Rs 3,000 crore thereby aggregating up to Rs 5,000 crore," Axis Bank said in a regulatory filing. Stock of Axis Bank traded at Rs 663.25 apiece on the BSE, down by 3.74 per cent from previous close.

Waller backs March Fed liftoff, Daly sees two or three 2022 hikes

Fed Chair Jerome Powell and his colleagues agreed on Wednesday to double the pace at which they wind down their bond-buying program, putting them on track to wrap it up by mid-March

IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds

The fundraise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour

ICICI Bank raises Rs 5,000 crore through 10-year bonds

Compared to private sector entities, public sector-owned firms are able to get 5-10 basis points finer rates

Lenders relieved as Vodafone Idea repays bondholders Rs 1,500 cr on time

Firm is now in the process of extinguishing bonds with the depositories; Next tranche of forex bonds worth Rs 1,055 cr are maturing on Dec 31, and another Indian currency bond matures Jan 4

Vodafone Idea manages to raise funds, will repay bonds on schedule

The company had also fixed the record date for the next tranche of 7.77% unsecured redeemable NCDs on December 20 and paid the interest on January 4 next year

IIFL Home to issue up to Rs 1,000 cr of retail bonds at 8.2-8.75% interest

The NCDs are rated AA by Crisil, and constitute the second of several tranches of retail bond issuance aggregating to Rs 5.000 cr

China's Kaisa struggles for relief from bond holders as default risk looms

Kaisa's proposal to delay the maturity of the bond comes against the backdrop of growing creditor concerns about its ability to meet their near-term offshore repayment obligations

Shorter-tenor bonds poised to extend losses amid hawkish RBI bets

Rates on notes with maturities of up to two years climbed in recent weeks as the central bank expanded its efforts to remove excess liquidity from the banking system

Gold Bond issue price fixed at Rs 4,791/gm; subscription opens Mon

The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 December 03, 2021

Star Union Dai-ichi Life Insurance raises maiden 10-year bond at 7.75%

The spread between the 10-year sovereign bond yields and the coupon offered by the insurance firm works out to around to about 140 basis points

Indian bonds, rupee take US inflation scare relatively easy

Bond yields were little changed as RBI assured ample liquidity conditions without trying to control the yields

Fed rolls out bond-buying 'taper,' holds to 'transitory' inflation belief

Even in announcing a $15 bn monthly cut to its $120 bn in monthly purchases of Treasuries and mortgage-backed securities, the Fed did not signal when it may begin next phase of policy 'normalisation'

IndusInd Bank raises Rs 2,800 crore debt capital through bonds

IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.

Another Chinese property developer is sinking as junk bonds sell off

Kaisa Group Holdings Ltd. shares plunged a record 18% in Hong Kong after two credit assessors downgraded the Shenzhen-based developer

India's inclusion in global bond index may lure $25 bn inflows: JPMorgan

Actual inclusion will depend on domestic and international developments: JPMorgan

India's first 'Skill Impact Bond' launched, fund to benefit 50,000 youth

The National Skill Development Corporation (NSDC) on Tuesday launched the first-of-its-kind and the largest 'Impact Bond' for skilling in India in collaboration with global partners, involving a USD 14.4 million fund which will benefit 50,000 youth by making them employment ready. Along with the NSDC, the global coalition comprises of HRH Prince Charles's British Asian Trust, the Michael & Susan Dell Foundation (MSDF), The Children's Investment Fund Foundation (CIFF), HSBC India, JSW Foundation and Dubai Cares, with FCDO (UK Government) & USAID as technical partners. "The Skill Impact Bond (SIB) is also the first impact bond involving public, private partners and a public private partnership organisation, NSDC," a statement said. CIFF, HSBC India, JSW Foundation and Dubai Cares support the outcome fund. NSDC and MSDF are the risk investors that have committed USD 4 million to provide upfront working capital to the service providers to implement the programme for the lifetime ..

Chinese property bonds firm after Kaisa and Sunac make coupon payments

Chinese property bonds remained firm on Tuesday after the two major developers made coupon payments