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India's HDFC Bank`s mega bond issue sees strong demand India's HDFC Bank on Thursday completed the largest-ever bond issuance by any bank amid strong demand from long-term investors, but the large fundraise is unlikely to impact yields for upcoming issues from banks as there is enough demand, said analysts. The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees, according to merchant bankers. "The issue saw v...
India's HDFC Bank`s mega bond issue sees strong demand
India's HDFC Bank`s mega bond issue sees strong demand
Source: Reuters
1/12/2022 5:00:13 PM
Foreign buyers pass up India`s invite for short-term corp. debt -analysts The Indian central bank's window for foreign investors to buy commercial papers and shorter tenor corporate bonds closed without much interest as higher U.S. yields and a weakening rupee made the proposition unattractive, analysts said. "The one-year and two-year U.S. yields are trading at such high levels that it does not make sense for foreign players to go for Indian short-term papers, especially given the currency risks," said Venkatakrishnan Srinivasan, founder and manag...
Foreign buyers pass up India`s invite for short-term corp. debt -analysts
Foreign buyers pass up India`s invite for short-term corp. debt -analysts
Source: Reuters
1/11/2022 12:48:14 PM
India's government, corporate bond yield spread to widen on rising supply The spread between Indian government bond yields and their corporate counterparts is expected to widen in the second half of this year, as tight liquidity and increased borrowings will push investors to demand higher returns, analysts said. "Many corporates and state-run companies that delayed borrowing will have to tap the market to fulfil their target, and with tightening liquidity conditions, yields on corporate papers are expected to see higher impact as compared to government deb...
India's government, corporate bond yield spread to widen on rising supply
India's government, corporate bond yield spread to widen on rising supply
Source: Reuters
25/10/2022 2:15:11 PM
Short-term rates rise multi-year high as liquidity in banking system slips into deficit Rates on short-term instruments such as commercial papers, Certificate of deposit and treasury bills rose sharply in last few weeks after the liquidity in the banking system slipped into a deficit post remaining in huge surplus. In last one week, yields on treasury bills maturing in 91 days rose 17 basis points, 182-day by 24 basis points and 364-day by 22 basis points. Whereas, rates on commercial papers maturing in three-month of non-banking finance companies rose by 25-30 basis poi...
Short-term rates rise multi-year high as liquidity in banking system slips into deficit
Short-term rates rise multi-year high as liquidity in banking system slips into deficit
Source: IANS
23/09/2022 10:19:51 AM
Indian banks may raise more funds to meet credit needs, lock rates  Indian banks may continue their fundraising spree in the next few months by issuing Basel III-compliant and infrastructure bonds as they rush to meet rising credit demand and lock in funds at cheaper rates, analysts said. "All banks are in need of funds as second half is expected to see a pick up in credit offtake, and currently investor appetite is favourable," said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap. "We ...
Indian banks may raise more funds to meet credit needs, lock rates
Indian banks may raise more funds to meet credit needs, lock rates
Source: Reuters
22/09/2022 3:13:31 PM
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August Fund raised through commercial papers rose sharply around 60 per cent month-on-month to Rs 1.51 lakh crore in August due to large issuances by some companies. This was even after the rates on these instruments have risen more than 25 basis points throughout the month. According to the Prime database, companies raised Rs 1.51 lakh crore in August, as compared to Rs 94,599 crore in July. With this, fundraising in August is highest in the current financial year. There are some regular is...
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August
Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in August
Source: IANS
15/09/2022 3:06:30 PM
Bond yields fall over 18 bps because of cooling inflation, easing oil prices The yield on benchmark government bonds fell sharply in last few weeks, by over 18 basis points, due to cooling inflation and falling Brent crude oil prices in the international market. The yield on 10-year benchmark 6.54 per cent-2032 bond yield, which was trading at 7.32 per cent in the last month, has eased to 7.13 per cent this month. "Besides crude oil prices easing out, there is an expectation of Indian Bond Index inclusion very soon. This news has created a positive vibe amo...
Bond yields fall over 18 bps because of cooling inflation, easing oil prices
Bond yields fall over 18 bps because of cooling inflation, easing oil prices
Source: IANS
10/09/2022 12:55:04 PM
Indian banks issue more CDs to secure cheap funding Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said. "Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply, and they may continue to opt for this route of fundraising for next few weeks," said Raju Sharma, head of fixed income at IDBI Mutual Fund. Indian private and state-run banks...
Indian banks issue more CDs to secure cheap funding
Indian banks issue more CDs to secure cheap funding
Source: Reuters
22/08/2022 3:38:03 PM