Page 6 - Bonds

Covid-led record defaults cloud India's resilient equities, bonds

Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support

SBI board to consider raising $2 billion through bonds in 2021-22

The bank said the Executive Committee of its Central Board would consider raising $2 billion through bonds in the financial year 2021-22

Indian companies go slow on long-term bonds amid Covid-19 concerns

They will likely rely on short-term ones if the pandemic continues longer

Fundraising via bonds on private placement basis climbs 14% in FY21

Listed firms mopped up Rs 7.72 trillion through issuance of bonds on private placement basis in 2020-21, an increase of 14% from the preceding fiscal

Tencent raises $4.2 billion in its second major bond deal in a year

Asia's most valuable company said in a statement it raised $500 million in a 10-year tranche, $900 million in 20-year debt, $1.75 billion in 30 year and $1 billion in 40-year debt

Core worth of PSB capital bonds half that of similar other paper: Ind-Ra

The illiquid, non-trading nature of these securities could add to the discount. So it may not strengthen their tangible equity by as much but may bolster regulatory norms

JSW Energy's hydro power arm to raise up to $750 million through bonds

The board also approved the appointment of Munesh Khanna as additional and independent director at JSW Energy

No dearth of liquidity, but RBI sees little demand for govt bonds

Indian govt bonds are the "good stuff" and must sell. It's the only way tax-strapped authorities can raise money and spend it to shake the economy out of its Covid-19 stupor

India to face key test for risky bank bond as Sebi lowers investment cap

The Securities & Exchange Board of India this month announced rules which restrict mutual funds' holdings of perpetual Additional Tier 1 and Tier 2 notes to 5% of net assets for a single issuer

First negative-yield quote causes flutter in India's sovereign bond market

While there's a total $13.30 trillion of negative-yielding assets in the world, the phenomenon had been unheard of in an emerging market like India where the benchmark 10-year note trades at above 6%

Perpetual bonds and why they are in news: All you need to know

Business Standard's Samie Modak explains in detail why perpetual bonds are in news. Listen to the podcast

SBI Cards gets board approval to raise up to Rs 2,000 cr via bonds

The company said it will raise the money in one or more tranches over a period of time

Rupee appreciates 25 paise amid rising FPIs, declining bond yields

Currently, rupee is trading at 72.66 per dollar, against the previous close of 72.91 per dollar

Equities far outperform bonds in the ultra-long run, says study

In the Indian context, equity returns are even more favourable.

Primary dealers rescue RBI's bond auction for the sixth time this year

Primary dealers bought Rs 19,400 cr of debt, equal to about 60% of the Rs 31,000 cr the govt offered at the weekly auction, RBI said in a statement Friday

Indian shares slip on bond yield worries; energy stocks, oil rise

"Chances of foreign investors pulling out some money from emerging markets like India have strengthened as U.S. bond yield increases," said Gaurav Garg, head of research at CapitalVia Global Research

Global bond rout puts Bank of Japan's yield curve control in spotlight

Some central banks are warming to YCC as they hunt for ways to reflate growth with dwindling policy ammunition

Wall Street retreats, stocks edge down as investors hit pause, watch bonds

The subdued performance of the three major Wall Street indices followed a flat close in Europe and slipping shares in Asia

Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit

The bond offering saw strong investor interest

Indian rupee, bonds weaken tracking US treasuries; more falls likely

India's central bank governor told investors on Wednesday to trust the bank to manage the government's massive borrowing programme