Page 2 - Bond Market
Bank of Maharashtra raises Rs 348 cr from bonds to fund business growth
State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 348 crore from bonds to fund business growth. The lender raised the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing. The paper of face value Rs 1 crore each carries a coupon rate of 8 per cent, it added. The bonds will be listed on the Wholesale Debt Market segment of the BSE.
 "Bank of Maharashtra raises Rs 348 cr from bonds to fund business growth")
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")
Amazon.com Inc kicks off five-part bond sale in second deal of 2022
Proceeds may be used to repay debt as well as funding acquisitions and share buybacks, says source
 "Amazon.com Inc kicks off five-part bond sale in second deal of 2022")
Technical glitch on NDS-OM holds up trade in govt bonds for over one hour
According to bond traders, the RBI's NDS-OM platform suffered technical issues between 9:05 am and 10:08 am IST, which led to trade almost coming to a halt during that period
 "Technical glitch on NDS-OM holds up trade in govt bonds for over one hour")
Bharti Telecom plans to tap bond market to raise Rs 7,000 crore
The telecom operator, which holds a stake in Bharti Airtel, plans to raise funds in three tranches and has invited bids from investors on Friday
 "Bharti Telecom plans to tap bond market to raise Rs 7,000 crore")
State Bank of India sees 14%-15% corporate credit growth in FY23: executive
'Sectors seeing a pickup range from telecom and power to roads, ports and airports, while lending to non-bank finance companies has also picked up strongly'
 "State Bank of India sees 14%-15% corporate credit growth in FY23: executive")
Municipal corps should explore land-based models to raise funds: RBI
In a first ever comprehensive analysis of Municipal finances, it said MCs need to adopt sound and transparent accounting practices with proper monitoring
 "Municipal corps should explore land-based models to raise funds: RBI")
Bond yields track US peers on Federal Reserve interest rate hike
Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday
 "Bond yields track US peers on Federal Reserve interest rate hike")
Bank of India launches special deposit scheme; raises interest on others
Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent
 "Bank of India launches special deposit scheme; raises interest on others")
Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes
At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday
 "Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes")
Average cut-off yield spikes by 12 bps to 7.84% at state bond action
Dealers said Bengal and UP raised amounts via bonds with 15-17 year maturity and cut-off yield above 7.9%; pricing likely to remain under pressure in near term
 "Average cut-off yield spikes by 12 bps to 7.84% at state bond action")
Three-five-year gilts are attractive in current times, say experts
For tax-efficient exposure, go for target maturity funds maturing in 2026-2028
 "Three-five-year gilts are attractive in current times, say experts")
Bond yields ease as MPC minutes hint at slower interest rate hikes
1-year bond yield logs the sharpest fall in two-and-a-half months
 "Bond yields ease as MPC minutes hint at slower interest rate hikes")
Relief for bond mkt on debt supply as govt prunes H2 borrowing plan
The Rs 10,000 cr cut in govt's mkt borrowing obviates the fear of oversupply of paper that typically builds up around Dec end when govt takes stock of its finances for the year
 "Relief for bond mkt on debt supply as govt prunes H2 borrowing plan")
Bond yields fall on short-covering; market still hopes for index inclusion
Call rate closes at highest since October 2019 as liquidity tightens
Bonding with bonds: Creating a deeper, wider market
India needs a vibrant bond market to fuel its growth ambitions but financial repression is keeping investors and issuers away
World's second-biggest fortune fails to halt rout in bonds of Adani firms
Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices
 "World's second-biggest fortune fails to halt rout in bonds of Adani firms")
RBI, bond market players discuss liquidity strategy as surplus dwindles
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
 "RBI, bond market players discuss liquidity strategy as surplus dwindles")
Govt may retain or cut bond borrowings for current fiscal on robust revenue
India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced
 "Govt may retain or cut bond borrowings for current fiscal on robust revenue")
Statsguru: Six charts explain India's entry into global bond indices
Foreign investors held a smaller share of government securities as of September than they did in March
 "Statsguru: Six charts explain India's entry into global bond indices")
