Page 10 - Debt
Franklin Templeton MF sidepockets Voda Idea debt following NCD downgrade
Fund house has carved out separate portfolios in six schemes to hold the exposure
 "Franklin Templeton MF sidepockets Voda Idea debt following NCD downgrade")
Rise in defaults could make things even worse for India, China in 2020
Defaults in China will likely rise in both the onshore and offshore bond markets next year amid a tightening in funding
 "Rise in defaults could make things even worse for India, China in 2020")
Crisis looms as debt wave sweeps developing nations, warns World Bank
The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but this report is starker and calls for governments to curb debt crisis.
 "Crisis looms as debt wave sweeps developing nations, warns World Bank")
Going after working capital: SP Group firms' among most leveraged in India
The conglomerate had gross debt to equity ratio of 2.4x on an average during the year ended March this year, as against 0.82x on an average for top-listed companies, excluding financials and oil
 "Going after working capital: SP Group firms' among most leveraged in India")
States to miss debt target on slow economic growth: India Ratings
RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19
 "States to miss debt target on slow economic growth: India Ratings")
Tipping point: Burdened with debt? Improve your credit score
Many companies nowadays check the credit score of people they plan to hire
 "Tipping point: Burdened with debt? Improve your credit score")
Essar leads India Inc deleveraging; pays off Rs 1.4 trillion: Prashant Ruia
Despite deleveraging, the group still has a fairly substantial portfolio of assets and companies in the five sectors of energy, infrastructure, metals and mining, services and technology
 "Essar leads India Inc deleveraging; pays off Rs 1.4 trillion: Prashant Ruia")
Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt
Telecom major Bharti Airtel is planning to raise funds up to USD 1 billion (about Rs 7,000 crore) via a bond issue by its subsidiary Network i2i, the proceeds of which will be used to reduce debt. "...offering of USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited (a direct 100 per cent subsidiary of Bharti Airtel) expected to be rated BB by both S&P and Fitch may follow, subject to market conditions," Bharti Airtel said in a regulatory filing. Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays, BNP Paribas, Citigroup, HSBC, J P Morgan and Standard Chartered Bank as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings and calls across Asia, Europe and the US starting Wednesday, it added. Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. The proceeds from ..
 "Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt")
Why do credit rating agencies keep missing big Indian company defaults?
India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service
 "Why do credit rating agencies keep missing big Indian company defaults?")
Lenders to troubled real estate financier Altico Capital begin debt recast
The company is diversifying its portfolio, both in terms of sectors and ticket size
 "Lenders to troubled real estate financier Altico Capital begin debt recast")
Why borrowers should move to longer-tenure loans to escape debt trap
Those who have loans running should set up a contingency fund
 "Why borrowers should move to longer-tenure loans to escape debt trap")
Investor flows into equity mutual funds jump in June to Rs 7,663 crore
Debt segment saw outflows of Rs 1.71 trillion compared to inflows of Rs 70,119 crore in May
 "Investor flows into equity mutual funds jump in June to Rs 7,663 crore")
How to detect debt trap and exit it before it hurts your credit score
It is unwise to hang on to assets even as your liabilities keep growing due to high interest charges
 "How to detect debt trap and exit it before it hurts your credit score")
Stabilising stressed firms
A formal bankruptcy process stabilises the stressed firm, and directs the energy of lenders into the right channel
 "Stabilising stressed firms")
The world is only delaying the inevitable by not dealing with bulging debt
Inventive policymaking has only made the problem worse, guaranteeing that any eventual restructuring will be all the more painful
 "The world is only delaying the inevitable by not dealing with bulging debt")
Punjab govt asks Centre to set up panel to review Rs 31,000 cr debt
Debt incurred for foodgrain procurement during the previous Akali Dal-BJP regime
 "Punjab govt asks Centre to set up panel to review Rs 31,000 cr debt")
Debt returns take a knock
It may be a good time to either increase allocation to fixed income or move money to equities
 "Debt returns take a knock")
Fund raising via debt placement up 25% to Rs 6 lakh cr in 2016
In terms of numbers, a total of 3,366 issues were made in 2016 as compared to 2,953 in the year 2015
 "Fund raising via debt placement up 25% to Rs 6 lakh cr in 2016")
Debt funds pip equities for second year
The average two-year debt fund return is 10.2% against 3.3% for equity funds
 "Debt funds pip equities for second year")
Invest in debt, say fund managers as rate cut hopes rise
Debt funds are reaping the benefit of a rally in bond prices after the govt's demonetisation announcement
 "Invest in debt, say fund managers as rate cut hopes rise")
