Page 4 - Bonds

Reserve Bank widening bond lending may shield bears from short squeezes

Some entities like insurance companies are not permitted to borrow money but have a large stock of securities and the move will enable them to lend bonds

AEL adds another 20%, 7 Adani stocks up as group boosts investor confidence

M-cap back above Rs 10-trillion mark; Adani Transmission, Adani Wilmar, Adani Power and NDTV hit upper limit of 5%

States bond prices down by 7 bps to 7.61% despite sharp spike in supply

Even though the states have borrowed heavily from the market -- bond issuances at the weekly auction on Tuesday rose sharply by 42 per cent -- the average prices came down by 7 bps to a three-week low of 7.61 per cent. Twelve states have raised Rs 20,300 crore through state government securities on Tuesday, which is a sharp 42 per cent increase on-year, though the amount raised is 23 per cent lower than what was indicated for the week in the auction calendar. Accordingly, the weighted average cut-off eased considerably by 7 bps to 7.61 per cent, which is a three-week low, despite the weighted average tenor remaining stable at 15 years, according to a note by Icra Ratings. The spread between the 10-year state bonds and the new G-sec stood at 38 bps today, while same between the 10-year state bonds and old G-sec rose a notch to 34 bps from 33 bps last week. This had the yield curve remaining inverted at the longer end, the agency said.

Municipal corporations may issue bonds worth Rs 1000 cr in next 3 months

Indore announces green bond issuance for Rs 244 cr, amount raised will be used to set up solar power plant

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

India will get into global bond indices on own terms: FinMin official

India will not bend over backwards to get included in the global bond indices, a top finance ministry official said on Saturday. Deploying a sartorial analogy, Finance Secretary TV Somanathan said the indices are an exclusive club or gymkhana, which insists on entry only for those wearing ties. "...if we get into this club, it will be with our dhoti and saree. We will not change our domestic policies to suit foreign investors," he said, addressing a post-budget interaction with industry players in the financial capital. He said there are both positives and negatives of such an inclusion, which was spoken about in a previous budget announcement, and India will not "bend over backwards" to gain entry. India's policies will be based on domestic requirements, and there will not be any change to the stance to suit the fancy of global bond investors, he said. The global indices should allow entry for India only if such a stance is acceptable to them, he said. Positives of gaining entry

As Adani Group plans to prepay share pledges, its US dollar bonds rally

All 15 dollar-debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone had made coupon payments on schedule

Debt market moves on from practice of aggressively-priced new 10-year bonds

New 10-year coupon at 7.26%; easing inflation offset by large bond supply

Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

Adani Green's dollar bonds plunge past junk levels as group fights crisis

Steep rise in yields raises questions about group's ability to raise fresh debt abroad

Green bonds, SLBs, MDBs in focus at G20 meet on sustainable finance

The delegates deliberated on raising the size of blended finance, and stressed on the importance of multilateral development banks to deal with growing climate change impacts

Edelweiss Mutual Fund launches India's first passive short-duration fund

This is the first passive offering in the short-duration space

Here's why bond veteran sees India's benchmark yield trending downwards

Investors will get a sense of how much more debt India is planning to raise in it's upcoming Feb 1 budget

Axis Bank in talks to issue 10-year infra bonds, taps insurance firms

Lender in talks with end-investors to issue infra bonds at a rate of around 7.85%

Hindenburg says it holds short positions in Adani Group, flags risks

The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations

Yield-to-maturity of debt funds now similar across durations, shows data

Mismatch in YTM growth because shorter-end of yield curve more responsive to rate changes, say experts

European banks to Asian corporates, global bond sales reach nearly $600 bn

Financial firms have led the charge in global issuance this year as a sector, with year-to-date sales topping $250 billion

SBI raises Rs 9,718 cr via second tranche of infrastructure bonds at 7.70%

This is the second fund-raising since early December when it had mopped up Rs 10,000 crore via infra bonds

Govt bond market likely to see an explosion of new products in FY24

All the state governments now have a significant presence in the bond market, having sharply lowered their dependence on the Centre for borrowing ever since Covid struck

RBI urges bond market players to use tool to prevent gilt auction errors

Central bank facility permits market participants to set maximum and minimum value for bids