Over the last couple of weeks, banks have made a beeline to raise funds by issuing debt instruments
The decision to go slow on these fund-raising plans - despite the booming credit growth - came at a time when bond market conditions turned turbulent
Bharat Bond Exchange Traded Funds, a central government initiative, have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years, Edelweiss Mutual Fund said on Wednesday. The fund house manages Bharat Bond Exchange Traded Funds (ETFs). The overall passive debt category has crossed Rs 1.15 lakh crore mark at the industry level this growth was kickstarted by the launch of the first tranche of the Bharat Bond ETF in December 2019, according to a statement. So far, five tranches of Bharat Bond ETFs have been launched. There are 5 different maturities offered by the fund ETFs -- 2023, 2025, 2030, 2031, and 2032 -- which can help investors to choose the right maturity according to their needs. "The success of Bharat Bond ETFs is a testament to the financial strength of PSUs and the trust that they inspire in investors. We are happy that our maiden debt ETF has achieved phenomenal success," Tuhin Kanta Pandey, Secretary DIPAM, Ministry of Finance, said. The
As of mid-2022, there are 26 countries with combined volumes of $227 billion in sovereign green debt
The two countries' sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China
If India is included in the global bond indices, it could ensure potential inflows of up to $30 billion into Indian fixed-income securities
Finance ministry official says not engaged in dialogue regarding it
Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
Apart from long-term bonds, the market participants also requested the central bank to reduce issuance of floating-rate bonds and cap sizes of weekly primary auctions to Rs 30,000 crore
The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.
Acquisitions, bond issues make up for 75% of total value
Global issuances have crossed levels seen before the pandemic
India's benchmark 10-year bond yield ended at 6.75%, down 1 basis point from its previous close but yields on the week were up 9 basis points
Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset managers allocate their capital
The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%
The RBI refrained from draining excess cash in its December review as it didn't see ample liquidity, which crashed short term rates, fueling inflation
Overseas funds have long sought greater access to Indian bonds, drawn to an economy where the yields are among Asia's highest
The bond market participants see the yields falling by another 15-20 basis points from the present level
The government is likely to borrow Rs 2.48 trillion ($34 bn) in the six months to March 31, or Rs 200 bn less than the budgeted estimate