Page 5 - Bonds

SBI's Rs 10,000-crore infrastructure bond sale likely this week

Infrastructure bonds are securities that are exempt from computation of net demand and time liabilities (NDTL) - a proxy for deposits

Year of Bond starts with a $150 bin sales spree; may spill over this week

Hong Kong raising $5.8 billion via its biggest-ever green bond

NABARD raises close to Rs 5,000 crore through three-year bonds

REC may visit market with 10-yr paper next week

Worst year for rupee since 2013 despite surpassing Turkish lira, UK pound

RBI's intervention caused foreign reserves to decline to $70 billion in 2022, lowest in at least 22 years; worst show by bonds since 2009 on sustained repo rate hike

Central Bank of India to raise up to Rs 1,500 cr via bonds this fiscal

State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at the bank's board meeting held on Monday. The board of directors considered and approved to raise capital through an issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for amount up to Rs 1,500 crore, the bank said in a regulatory filing. The base issue size is of Rs 500 crore with a green shoe option up to Rs 1,000 crore. Under the Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes. Shares of Central Bank of India settled 4.93 per cent up at Rs 30.85 apiece on BSE.

FTX founder Sam Bankman-Fried allowed $250 million bond, house arrest

The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest

Gadkari wants surety bond insurance, not bank guarantee for infra projects

Launches country's first surety bond product, says instrument offers relief to contractors; govt has built in safeguards to protect insurers as well

ICICI Bank raises Rs 5,000 crore through bonds to fund business growth

Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said. There are no special rights or privileges attached to the bonds, it added. The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE.

In a first: Bajaj Allianz set to launch surety bonds on December 19

SBI General Insurance and Tata AIG General Insurance are also said to be looking at launching a surety insurance product soon, said sources

Govt to launch first surety bonds for road contractors on December 19

Will provide relief to contractors, free working capital stuck in bank guarantees, says Gadkari

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

Axis Bank likely to issue Rs 12,000 cr of tier-2 bonds amid credit growth

Banks have since November issued more tier-2 bonds than AT-1 bonds for the entire year

Govt allows sale of electoral bonds through 29 SBI branches from Dec 5-12

The Government on Saturday authorised sale and encashment of electoral bonds through 29 branches of State Bank of India (SBI) across the country between December 5 and December 12, 2022

Union Bank raises Rs 2,200 cr in tier II capital for business growth

Public sector lender plans tier I bond of Rs 700 crore before financial year closes

Selecting a target maturity fund based on your horizon and risk appetite

Constitution of underlying indexes doesn't matter since all the three categories of bonds they invest in are safe

M&G gets CCI nod for subscription of Trustroot Internet bond, warrants

The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release, the fair-trade regulator said it has approved the proposed deal. M&G Catalyst Capital Fund, Asia Pacific Fund and Prudential Assurance Company are collectively referred to as acquirers. The combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by the Trustroot Internet which convertible into the share capital of the company as per the terms and conditions set out in the subscription agreement in October 2022. Upon conversion of warrants, the acquirers will hold less than 5 per cent stake in ...

Spandana Sphoorty Financial to raise up to Rs 300 cr by issuing bonds

Microfinance lender Spandana Sphoorty Financial will raise up to Rs 300 crore by issuing bonds next week, the company said on Wednesday. The board of directors in a meeting held on November 16, 2022, has approved to issue market-linked rated non-convertible debentures (NCDs) with a base issue size of Rs 200 crore and green shoe option of Rs 100 crore, the company said in a regulatory filing. The tenure of bonds, to be allotted on November 22, 2022, have a tenure of 18 months. The company said the bonds will carry interest at 11.15 per cent per annum. Shares of Spandana Sphoorty closed 1.81 per cent down at Rs 560.65 apiece on BSE.

Crippled by huge losses, RSRTC seeks six-month time to repay bond

The last instalment, which the firm has requested an extension for, is worth Rs 124.72 crore

Govt bond trading volumes drop 25% in October as uncertainty builds

Traders step back from bonds post heavy losses in September; activity largely concentrated in the primary market

Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September