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Bank Bonds

Banks tier II bond issuance surges 3.5 times in FY23, shows data

The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity

Banks tier II bond issuance surges 3.5 times in FY23, shows data
Updated On : 02 Apr 2023 | 9:30 PM IST
Updated On : 03 Jan 2023 | 9:27 PM IST

NBFCs need to be mindful of rising borrowing costs, says RBI report

'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'

NBFCs need to be mindful of rising borrowing costs, says RBI report
Updated On : 28 Dec 2022 | 12:10 AM IST

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth

Bank intends to raise before Mar23 though approval is till 2024

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth
Updated On : 14 Dec 2022 | 10:46 PM IST

In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year

Analysts cite credit growth surge, better risk profile of tier-2 bonds behind the rush

In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year
Updated On : 14 Dec 2022 | 12:15 AM IST

Bank of Maharashtra likely to sell Rs 1000 crore of AT-1 bonds

Over the last couple of weeks, banks have made a beeline to raise funds by issuing debt instruments

Bank of Maharashtra likely to sell Rs 1000 crore of AT-1 bonds
Updated On : 12 Dec 2022 | 6:42 PM IST

Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale

The quantum raised through Tier 2 bonds is set to rise much further in coming days as Axis Bank is slated to sell Rs 12,000 crore of such instruments on Friday

Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale
Updated On : 08 Dec 2022 | 10:57 PM IST

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects
Updated On : 08 Dec 2022 | 10:49 PM IST

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales

ICICI likely to issue long-term bonds, Axis mulls infra bond sale

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales
Updated On : 06 Dec 2022 | 9:59 PM IST

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch
Updated On : 05 Dec 2022 | 6:44 PM IST

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times
Updated On : 02 Dec 2022 | 11:55 PM IST

PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds

The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag

PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds
Updated On : 28 Nov 2022 | 8:25 PM IST

SBI likely to raise Rs 10,000 crore through infrastructure bonds

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said

SBI likely to raise Rs 10,000 crore through infrastructure bonds
Updated On : 24 Nov 2022 | 10:34 PM IST

SBI to consider raising $1.2 billion through infrastructure bonds

The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added

SBI to consider raising $1.2 billion through infrastructure bonds
Updated On : 24 Nov 2022 | 8:05 PM IST

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week

Tier-2 bond sale plan comes amid sharp decline in bond yields

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week
Updated On : 22 Nov 2022 | 8:16 PM IST

Banks go slow on bond sales as rising interest rates push up costs

The decision to go slow on these fund-raising plans - despite the booming credit growth - came at a time when bond market conditions turned turbulent

Banks go slow on bond sales as rising interest rates push up costs
Updated On : 11 Nov 2022 | 10:57 PM IST

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%
Updated On : 21 Sep 2022 | 9:22 PM IST

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year
Updated On : 08 Sep 2022 | 12:00 AM IST

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%

Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%
Updated On : 06 Sep 2022 | 11:03 PM IST

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances
Updated On : 05 Sep 2022 | 11:24 PM IST