Bonds
Indian bond yields steady as traders await fresh cues
Indian government bond yields remained largely unchanged in early trading on Friday as investors looked for new catalysts following this week's declines. The 10-year bond yield was at 6.6256%, with expectations of a gradual decrease towards 6.60% by the end of March, buoyed by a favorable monetary policy outlook and reduced supply due to central bank purchases.
Bank of Maharashtra to buy into RRB's tier-I bonds
The bond issue is likely to be closed before the end of March," said the first person. Bank of Maharashtra didn't reply to email seeking comments. Bonds are expected to be priced at 10.15% rate. Maharashtra Gramin Bank had last issued tier-I perpetual bonds in December 2021.
Now is a great time to invest in Indian fixed income says Saurav Ghosh. Here’s why
Saurav Ghosh, a fixed income expert, recommends investing in Indian fixed income amidst global volatility. He sees a strong opportunity in longer-duration government securities and corporate bonds, ahead of anticipated RBI rate cuts. Ghosh also notes the potential for FPI inflows if the US Federal Reserve begins a rate cut cycle.
Greenko Energy kicks off investor calls for bond sale
The 3.5-year senior secured bond is structured under the dual format of Reg S and Reg S 144A. Under this format, securities that are sold outside the US without registration with the US regulators can be resold in the US.
Muthoot Finance taps US dollar bond on ratings upgrade
The bond carries an initial price guidance of 98.625, or a 6.812% yield. Both the issuer and the bond's issue ratings were upgraded to BB+ by S&P on March 17, with a 'stable' outlook.
IOB gets board approval to raise Rs 10,000 crore via infra bonds
Indian Overseas Bank received board approval to raise Rs 10,000 crore via long-term infrastructure bonds in multiple tranches. The funds will support infrastructure and affordable housing. Several public sector banks have raised similar bonds to boost credit growth. These bonds offer cost advantages due to regulatory exemptions.
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Indian bond yields flattish, traders eye state debt sale
Indian government bond yields remained mostly steady with the benchmark 10-year yield at 6.6932%. Investors' focus is on the state debt auction, with states looking to raise 521.20 billion rupees, and the Reserve Bank of India's bond purchase worth 500 billion rupees.
Canara Bank nets Rs 4,000 crore via tier-II bond issue
Canara Bank's bonds are callable at the end of five years. The base size of the bond issue was ₹1,000 crore with a greenshoe option of ₹3,000 crore.
Adani investors should push for bond buybacks: Analysts
The new facility is reportedly borrowed at a weighted life of 19 years, and now carries a funding cost of 9.2%. The loan it refinanced was taken in 2021 to develop wind-solar hybrid projects.
CARE Ratings revises outlook on ESAF Bank's bonds to negative, while reaffirms ratings
CARE Ratings has downgraded the outlook on ESAF Small Finance Bank's various tier 2 bonds instruments to "negative" from "stable" on account of high asset quality stress which has adversely impacted the bank's profitability.
Investors want India to lower long-bond supply in fiscal year 2026: Report
Indian bond market participants want the government to lower supply of ultra-long debt in the fiscal year that starts April 1, five treasury officials said on Monday.
India's Jio Finance taps debt market with debut commercial paper issue before bond sale, bankers say
India's Jio Finance, a wholly-owned unit of Jio Financial Services, has tapped the debt market with its maiden commercial paper (CP) issuance, ahead of its debut bond sale later this month, three merchant bankers said on Thursday.
India 10-year bond yield glued to key level despite easing inflation
Indian government bond yields remained steady on Thursday, with the benchmark 10-year yield at 6.6835%. While domestic retail inflation eased to 3.61% last month, the market is cautious due to global trade war concerns. Some expect the Reserve Bank of India to cut rates further, with a possible 25 basis points cut in April.
US corporate bond spreads hit widest in about 6 months on recession fears
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
RBI gets twice the bids for Rs 50,000-crore OMO
The discount in the auction on Wednesday was 30 paise, while the previous OMO auctions have seen discounts of 40-50 paise. The next OMO purchase is scheduled for March 18, where the liquidity deficit is expected to widen after quarterly advance tax-related outflows.
Potential investors in IndusInd International Holdings' bond issue reassess risk
Hinduja Group-led IndusInd International Holdings (IIHL) mandated Barclays and 360 One to syndicate the debt, people cited above said. The bank on Monday disclosed accounting discrepancies in its derivative transactions affecting 2.35% of its net worth, raising alarm among potential investors.
