Tag Archives: market news

Follow lending norms or NPA woes will mount: Goyal

MUMBAI: Interim finance minister Piyush Goyal Tuesday warned banks that if they did not follow the due process and go against prudential lending norms, the problem of bad loans count will mount in the country where public opinion is getting … Continue reading

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debt markets | NSE launches tri-party repo market platform

MUMBAI: The National Stock Exchange (NSE) has introduced a ‘tri-party repo market’ platform, a mechanism to deepen the corporate bond market liquidity. The move should help attract more companies to the bond market, which New Delhi wants to establish as … Continue reading

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debt markets | Benchmark yield nears crucial mark

MUMBAI: The RBI first rate increase since early 2014 could well increase New Delhi’s market borrowing costs beyond what many may have budgeted. The benchmark bond yield hit a three-year high, touching almost 8 per cent a day after the … Continue reading

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debt markets | Yield surge may prompt India to cut sales of short-term debt

India may cut down on issuance of shorter-maturity bonds, a senior government official said, as a drop in prices on the securities in the secondary market prompts investors to demand higher yields at auctions. “While subscriptions have been there, the … Continue reading

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debt markets | India Inc’s dollar bond issuances on course to surpass 2017 record

MUMBAI: Indian companies’ overseas dollar bond issuances have already surpassed last year’s total in just the first four months of the current year and is on the way to exceed 2017’s record helped by easier global liquidity and the Reserve … Continue reading

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debt markets | Wockhardt hires bankers for raising $300 million via dollar bond

MUMBAI: Wockhardt Ltd, the Mumbai-based pharmaceutical company which has been under the US FDA scanner over regulatory issues, is set to raise about $300 million through sale of dollar-denominated bonds. It has hired UBS, Barclays, Nomura and Standard Chartered to … Continue reading

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debt markets | Double-A bonds may be allowed as collateral in money market

Mumbai: The Reserve Bank of India is considering including double-A rated securities to a class of corporate bonds which an investor can use as collateral to raise short-term money in the market at rates within one percentage point of the … Continue reading

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debt markets | Top borrowers to meet to ease corporate bond market woes

MUMBAI: The corporate bond market, projected as the primary funding source for India’s infrastructure needs, is in a spot because of escalating borrowing costs and dwindling volumes. Against this backdrop, top traditional borrowers — Nabard, Power Grid, IRFC, and Rural … Continue reading

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debt markets | Gold bond issue price fixed at Rs 4,852 per gm

Mumbai: The issue price for the Sovereign Gold Bond has been fixed at Rs 4,852 per gram of gold, the Reserve Bank of India said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened … Continue reading

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debt markets | Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

New Delhi: Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has raised Rs 500 crore through allotment of NCDs on a private placement basis. It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 … Continue reading

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