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Bhavik Nair
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Bonds see biggest one-day selloff since February
Volumes shot up on Tuesday to the tune of Rs 24,410 crore for the ten-year benchmark paper. On an average, the volume for the benchmark paper remains at about Rs 15,000 crore, say experts
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FPI inflows into bonds may lead to softer yields
RBI has increased FPI investment limits in central government securities by Rs 59,200 crore to Rs 3.15 lakh crore till the end of FY19.
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Bond Market: FPI interest can lower yields again
Bond yields, already down from a high of 7.78% on March 6 to 7.33% on Tuesday, could fall further with foreign portfolio investors’ (FPIs) interest in Indian bonds continuing to remain intact.
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Atria Power in discussion with i-banks for dollar bond issue
Atria Power provides power solutions across mini-hydro power, wind, solar and hybrid projects. As part of its future plans, the firm plans to develop 1000 MW of projects with an investment of Rs 3,000 crore.
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Primary dealers ask for more short-dated securities, FRBs
Government intends to borrow a record Rs 4.07L cr from the money market in 2018-19.
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BIAL in talks with bankers to tap dollar bond market
Bangalore International Airport (BIAL), the operator of Kempegowda International Airport, Bengaluru (KIAB), is believed to be in talks with investment bankers to explore the possibility of tapping the dollar bond marke
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We will continue to stand apart due to our digital edge, says CEO of Citi India
With limited branch footprint, Citi India believes it is electronic and digital solutions that set the bank apart.
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HDFC Bank prices 7-year masala bonds at 8.1 per cent
HDFC Bank has priced its seven-year masala bonds at 8.1% to raise $350 million, investment bankers close to the deal told FE. A masala bond is a rupee-denominated bond issued in the overseas market. This is the first masala bond offering by HDFC Bank.
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REC prices 10-year dollar bonds at 200 bps over US T-yield to raise $300 million
Rural Electrification Corporation (REC) has priced its 10-year dollar bonds at 200 basis points over the corresponding US Treasury yield to raise $300 million, investment bankers close to the deal told FE.
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Foreign investors turn net bond sellers in 2018
Foreign portfolio investors have unloaded close to $1 billion of bonds in the past five sessions starting March 6, the day on which the yield on the benchmark hit a two-year high of 7.78%.
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Bonds rally as expectations of CPI inflation improve
Bonds rallied on Monday as the market anticipated that the Consumer Price Index (CPI) inflation for February may come in lower than earlier expectations.
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NTPC prices its dollar bonds at 170 bps over US T-yield to raise $400 m
NTPC has priced its 10-year dollar bonds at 170 basis points over the corresponding US Treasury yield to raise $400 million, investment bankers aware of the deal told FE.
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Firms queue up to raise $4 bn from overseas bond market
A rise in the US Treasury yield translates into a higher borrowing cost for dollar bond issuers, unless the spreads see a significant compression.
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‘Costs for Indian overseas bond issuers have risen by 55-70 basis points’
US Treasury yields have been on the rise and this has impacted borrowing costs for Indian companies in the overseas market. Manish Wadhawan, MD and head — fixed income, global markets at HSBC India, tells Bhavik Nair that the overall costs for Indian issuers in international markets have gone up by 55-70 basis points (bps). […]
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UPL Corp prices 10-yr dollar bonds at 173 bps over T-yield
S&P Global Ratings has assigned its ‘BBB-’ long-term issue rating to UPL Corp’s proposed senior unsecured notes due 2028
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Government in talks to assess bond market sentiment
The 10-year benchmark yield touched a fresh two-year high of 7.71% on Wednesday
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Overseas fund-raising stuck as RBI delays LRNs
While volatility in global markets have put offshore fund raising by Indian companies on pause for the past few weeks, there is another reason no one has hit the market, and that is a delay in obtaining loan registration number (LRN) from the Reserve Bank of India (RBI), investment bankers aware of the matter told FE.
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Bond markets: Govt can’t borrow as PSBs walk out
Apart from promising a higher MSP, the Budget also promised that the government will make good any shortfall in the market price over the MSP, and there are no estimates of what this can cost.
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Highly volatile day: Old benchmark yield swings 41 bps
After a 20-basis-point spike on Thursday, the yield on the benchmark surged to an intra-day high of 7.88% on Friday before ending the day’s session at 7.76%.The Reserve Bank of India cancelled an auction of government securities for an amount of Rs 11,000 crore.
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Budget 2018 fails to bond with yield as govt missed deficit target
Budget 2018: Bond markets sold off sharply on Thursday spooked by higher than expected fiscal deficit estimates and fears that food inflation would rise with stronger support for crop prices via minimum support prices (MSP).
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FPIs infuse more than $1 billion in Indian debt in 2 weeks
Foreign portfolio investors (FPIs), including large sovereign wealth funds, have bought heavily into Indian bonds over the last two weeks, ignoring the sharp decline in bond prices.
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NTPC may tap dollar bond market to mop up $400 m
NTPC is likely to hit the dollar bond market soon to raise close to $400 million, sources aware of the matter confirmed to FE.
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Yes Bank prices dollar bonds at 130 bps over 5-year US Treasury yield
Yes Bank on Monday priced its five-year dollar bonds at 130 basis points over the five-year US Treasury yield, sources aware of the deal confirmed to FE.
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Economic Survey 2017-18: FPIs bid aggressively for G-secs ahead of Budget 2018
Budget 2018: An auction for purchase of limits to buy gilts worth Rs 4,569 crore on Monday attracted bids worth Rs 8,306 crore ($1.31 billion) from foreign portfolio investors (FPIs).
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India Inc credit quality: Ratings downgrades trends worsen
At nearly four downgrades a day, India Inc is far from getting over its poor credit quality problems. Indeed, while it seemed like balance sheets were becoming stronger, the trend worsened in the three months to December 2017 at 351 downgrades compared with 922 in the nine months to September.
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Exim Bank likely to price dollar bonds at 125 bps over US Treasury yield
Exim Bank of India is likely to price its 10-year dollar bonds at close to 125 basis points over the 10-year US Treasury yield, according to information provided by sources.
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Indian Corp Bonds: FPIs show significant interest
Pick up close to $500 million worth of bonds; Monday’s auction saw an over-subscription of 1.5 times
