Corporate Bonds

Debt fund taxation changes to impact corporate bond demand: Fund managers

Fund managers expect mutual funds to focus more on actively managed funds which can allow for higher returns and balance out the impact of higher taxes

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

Removal of LTCG tax benefits on debt MFs pushes corporate bond yields

Following govt's latest move, tax would be computed on based the investor's tax bracket; levy could be as high as 30%; Centre's step puts the tax for MF units at parity with that for bank FD

India Inc's borrowing costs rise as corporate bond yields harden

Among the key triggers for the sharp selloff in the Indian debt markets were recent rounds of unfavourable cues on interest rates, which caught market participants off-guard

Biggest corporate bond deal: HDFC raises Rs 25,000 crore via NCDs

ICICI, Axis, HDFC Bank, ICICI Securities Primary Dealership arranged the deal

India's green bond issuances 3.8% of domestic corporate bond market: Report

The green bond market in the country, which is projected to require more than USD 10 trillion to meet its green goals, accounts for just 3.8 per cent of the overall outstanding corporate bonds worth more than USD 500 billion, says a report. In a report on Friday, Fitch Ratings said that as of January 2023, GSSS (Green, Social, Sustainability and Sustainability-linked Debt) bonds accounted for USD 20 billion or 3.8 per cent of the country's overall corporate bond market while the government bond market is more than double this size. One of the main reasons for the small size of the domestic green bond market is that issuers are heavily concentrated in the energy sector and especially renewable energy led by solar projects, it said. As per the report, another reason for the low green bonds base is that all of them are denominated in the rupee and held by domestic banks, insurers and the RBI while vast majority of issuers -- as much 90 per cent -- prefer issuing GSSS bonds in ...

Sebi allows exchanges to launch future contracts on corporate bond indices

In order to enhance liquidity in the bond market and to provide opportunity to the investors to hedge their positions, Sebi on Tuesday allowed stock exchanges to launch future contracts on corporate bond indices. The index should composed of corporate debt securities, constituents of the index should have adequate liquidity and diversification at issuer level and the constituents of the index should be periodically reviewed, Sebi said in a circular. Further, single issuer should not have more than 15 per cent weight in the index, there should be at least 8 issuers in the index, and the index should not have more than 25 per cent weight in a particular group of issuers (excluding securities issued by public sector undertakings, public financial institutions and public sector banks). "The value of the Cash Settled Corporate Bond Index Futures (CBIF) contracts shall not be less than Rs 2 lakh at the time of introduction," Sebi said. The stock exchanges may introduce contracts of up to

Bourses get Sebi's approval to launch derivatives on bond indices

Sebi's decision is aimed at enhancing liquidity in the bond market. It will also give an opportunity to investors to hedge their positions

Trust Mutual Fund adds corporate bond fund to its offerings

The new fund offering will close on January 18

High portfolio yields to make debt funds an attractive option in 2023

Investors could also get the benefit of capital gains this year

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 .

Sebi allows stock brokers to place client bids on RFQ platform from Jan 1

The stock exchanges launched the platform in February 2020 to bring transparency in over the counter deals

Days of delivering sub-par returns may soon come to an end for debt funds

The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future

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

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

Credit's rout is so severe that double-digit losses are the norm

Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show

Startup firms let Indian retail investors buy corporate debt at $130

The new start ups are seeking to reassure investors they are doing all they can to protect their clients

Fund raising via debt placement hits 6-year low at Rs 5.88 trn in FY22

Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 trn

Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India

Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.

HDFC raises Rs 10,000 crore through debentures at 7.18%

Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.