Corporate Bond Market

What are municipal bonds, and why do investors prefer them over corp bonds?

Municipal bonds are primarily issued to raise money for financing infrastructure projects like building parks, libraries, schools, police departments and community centres

Sebi mulls fresh CDS play for MFs as it seeks to boost corporate bond mkts

Regulator sets up working group to spot lacunae in failed framework introduced over a decade ago

Rising interest rates to mute bond issuance this fiscal, says report

Corporate bond issuance is likely to remain muted witnessing 4-5 per cent growth this fiscal to touch Rs 41.42 lakh crore on rising coupon rates, despite the drawdown more than doubling in the second quarter, a report said. Bond sales more than doubled to Rs 2.1 lakh crore in the second quarter from the first quarter, when it was at a multi-year quarterly low of Rs 1 lakh crore, as banks issued bonds worth an all-time high of Rs 53,900 crore, and NBFCs, traditionally largest players in the market, issuing securities worth Rs 1.1 lakh crore in Q2, according to an analysis by Icra Ratings. Non-banking lenders have remained the largest issuers of bonds with a share of 47 per cent in the first half, followed by corporates and banks at 33 and 20 per cent, respectively, down from 50, 40 and 10 per cent, respectively from H1FY22, according to the report. Thanks to bumper sales in Q2, the overall bond issuances rose to Rs 3.3 lakh crore in the first half, and the agency expects Rs 3.7-4.2 .

Time to forge new bonds: Is corporate bond market at an inflection point?

Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep

Over 98% of corporate bond issuances are private placements: Report

Even as regulators push to deepen corporate bond market by increasing liquidity in secondary market, efforts are getting nullified by the near-total dominance (98.5 per cent) of private placements, which can't be traded in secondary market, shows a report. Sustained market making efforts by the regulators have seen the outstanding bonds rising by almost four-fold to Rs 39.6 lakh crore in FY22 from Rs 10.5 lakh crore in FY12, according to an analysis by Bank of Baroda's economists. Between FY21 and FY22, outstanding corporate bonds increased by 11.2 per cent. As against this, the government bond outstanding is Rs 84.71 lakh crore and total volume, including the secondary market trading, was Rs 126.6 lakh crore in FY22. As much as 98 per cent of the new issuances of corporate bonds are carried out in the private placement route in FY22, with just 2 per cent of the Rs 6 lakh crore issuances being public issues in FY22. Public issuances of bonds inched further to 1.5 per cent so far thi

Must improve trade data integrity in corporate bonds: RBI Deputy Governor

"While we can discuss the reasons for this trend, it is clear that the corporate bond market largely meets the needs of highly rated corporates," he said

New Sebi rules may pull the rug out from India's bid to boost bond market

Opening up India's corporate bond market is an important part of Prime Minister Narendra Modi's pledge to almost double the size of the economy to $5 trillion by 2025

India's bond slump worse than others, issuance value down 10.1%

Global issuances have crossed levels seen before the pandemic

Indiabulls Housing Fin raises Rs 800 crore through bond issue

Indiabulls Housing Finance's shares on Friday fell 1.76 per cent to close at Rs 225.70 apiece on the BSE.

Govt working on setting up backstop facility for corporate bond mkt

In a bid to deepen the corporate bond market, the government is working on setting up a 'backstop facility' as announced in the Budget, a senior government official said on Friday.

IIFL Home Finance to raise up to Rs 1,000 crore through bond issue

The tranche 1 issue includes a base issue size of Rs 100 crore and a greenshoe option of Rs 900 crore aggregating up to Rs 1,000 crore.

Averse bankers, willing RBI push companies towards the bond market

The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year

Sebi streamlines framework on centralised database for corporate bonds

Under this, it has provided an updated list of data fields to be maintained in the database along with the manner of filing the same, Sebi said in a circular

Bond market investors are already betting on a return to normal life

Bonds of EasyJet Plc and U.K. property manager Hammerson Plc are among the best performers in Europe this year.

Perpetual bonds and why they are in news: All you need to know

Business Standard's Samie Modak explains in detail why perpetual bonds are in news. Listen to the podcast

Valuing AT1 bonds

A sudden change in the metrics will be disruptive

Additional tier-1 bond stand-off likely to spook corporate bond yields

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs

Budget 2021: Govt's bank privatisation plan, bond market reaction, and more

In this podcast, we discussed the key announcements made by the finance minister about bank privatisation, asset reconstruction company and how bond market seeing the budget, why yields are rising

India's corporate bond sales set to slow significantly after record year

Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nation's top debt arrangers

Exim Bank hits international bond market with $1 billion issue

The Exim Bank is in the international bond market with an over $1 billion dollar money issue, merchant bankers have said