The bond issuances along with commercial paper (CP) has increased substantially in the first half as the credit offtake to the industry sector has been low in the banking system, Rajesh Mokashi, MD & CEO, CARE Ratings.
The benchmark yield closed 3 basis points down at 7.02 percent after having ended Tuesday at a 14-month high of 7.05 percent.
At Gurugram in a conclave titled Vichar Manthan over two-days, seven groups led by a PSB chief executive officers will give presentations on topics such as credit growth, NPAs and insolvency, digital payments and financial inclusion, responsible and responsive banking, among others.
The price of the new series of Sovereign Gold Bonds (SGBs), opening for purchase on Monday, has been fixed at Rs 2,934 per gram, the government said on Friday.
In their quest to raise cheap funds from abroad; Masala Bonds have become the latest hot instrument for Indian companies.
The government announced the recapitalisation plan earlier this week. As part of the plan 1.35 trillion rupees worth of bonds will be issued.
The multilateral lending agency also said the bonds, denominated in Indian rupees but settled in US dollars, were underwritten by Citibank and TD Securities
"First, the true fiscal cost of issuing the Rs 1.35 lakh crore recapitalisation bonds is the interest payment of about Rs 8,000-9,000 crore. But cost can be offset by the confidence impact of addressing the critical economic bottleneck, thereby increasing credit supply, private investment and growth," he said.
The committee also approved the conversion price of Rs 2,690 per equity share against the floor price of Rs 2,688.35, the company said in a BSE filing.
The government on Friday fixed the purchase price of Sovereign Gold Bond (SGB) at Rs 2,987 per gram the subscription for which will open on October 16.
"The IWAI has raised Rs 660 crore as 'GOI Fully Serviced Bonds'. The resources raised by way of bonds are in addition to the budgetary support from the Government of India. The Government had taken a decision to enable IWAI to raise Rs 660 crore through GOI Fully Serviced Bonds in 2017-18," Ministry of Shipping said in a statement.
The MoU was signed at New Zealand High Commission here last night in presence of New Zealand's High Commissioner to India Joanna Kempkers and NITI Aayog CEO Amitabh Kant.
With low foreign ownership of securities and strong fundamentals Indian debt is preferred in the region.
The decision, announced at the same time the RBI kept the repo rate unchanged at 6.00 percent, is meant to spur banks into lending more, but it would mean increased supply at a time of ample liquidity.
PowerGrid informed BSE that in the AGM of September 19, a special resolution was passed to raise raise funds up to Rs 20,000 crore from domestic market through issuance of secured/ unsecured, non-convertible, noncumulative/ cumulative, redeemable, taxable/ tax-free Debentures/ Bonds under private placement in 2018-19 fiscal.
Some moderation in the GDP growth in Q1 FY18 was expected. But the growth rate of 5.7% was a bit of a surprise.
The special resolution to authorise board to raise Rs 2,000 crore via the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, in domestic market was passed by the requisite majority, NHPC stated in a BSE filing.
The government has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing.
A change in credit rating of a bond changes the yield the bond offers.
Masala bonds or rupee-denominated bonds issued overseas would now be part of only external commercial borrowings and not be part of the overall limit of corporate bonds to allow about Rs 44,000 crore more funds under corporate debt.
The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE filing.
The auction will be conducted on NSE's e-bid platform from 1530 hours to 1730 hours after the close of market hours, the exchange said in a circular.
JSW Energy's finance panel on Wednesday gave its go-ahead to Rs 500-crore bond issuance programme.
A proposal to amend REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) would be placed before Sebi's board tomorrow in order to facilitate growth of such trusts, an official said.
The NCDs are proposed to be listed on the wholesale debt market segment of NSE