Sovereign Bonds

Govt is already finalising projects and may issue a few such bonds in H1FY24

Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments

The cut-off yield for the five-year green bond was set at 7.23% while that for the 10-year green bond was set at 7.30%

Sovereign Green Bonds (SGBs), amounting to Rs 16,000 crore, are proposed to be issued in the current financial year for mobilising resources for green infrastructure projects, the Parliament was told

PSU banks, insurers show firm demand at sale, traders say; FPIs may have picked up at least Rs 700 cr of the Rs 8,000 cr on offer

Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support

The outflow from the so-called Fully Accessible Route, or FAR, securities marked the first such withdrawal in seven months

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

What is holding India back from joining global bond indices?

Despite being a big bond market, India has been struggling to get its bonds listed on global indexes. But it may change soon, as Russia's exclusion has set the ball rolling for India's inclusion

JPMorgan, this week, has sought views from the investors on whether it should include India's sovereign bonds in its GBI-EM Global Diversified Bond Index or not

The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits

Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy

Sri Lanka, an island nation off the southern tip of India, fell into default in May after the expiry of a 30-day grace period for missed interest payments on two of its sovereign bonds

Avoid them if you might require liquidity in the near term as you may have to sell them at a discount on the exchanges

Underwriters had to rescue nearly the entire Rs 11,000 crore ($1.5 billion) of the 5-year bond at last week's sale.

The Reserve Bank of India has so far bought about Rs 2.5 trillion of net debt in the current financial year

The government and RBI are working on inclusion of Indian sovereign bonds by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday.

There's growing consensus among traders that the RBI will have to start draining excess cash from the banking system, as abundant liquidity crashed short-term rates and threatened to stoke inflation

There was $751 million of outflow from credit in October, a ninth month of net declines

The pivot from RBI will help the government, which has said it will sell 1.1 trillion rupees more debt for the fiscal half ending in March