A day earlier, on November 22, NABARD, SIDBI, and IRFC will issue bonds to mop up a total of upto Rs 13,000 crore.
The bank proposes to raise funds by issue and allotment of rated, listed, non-convertible, perpetual, subordinated and unsecured Basel III compliant Bonds in nature of debentures towards non-equity regulatory additional tier I capital, IndusInd Bank said in a regulatory filing.
The recent fall in gold prices has not led to any contraction in gold loan demand for Kerala-based Muthoot Finance, which is also planning to mop up Rs 400 crore through bond issues in August. So far, the company has not seen any deterioration in the credit quality, according to Oommen K Mammen, the CFO, Muthoot Finance.
Tax free bond issues are simply not the flavour in 2012-13. Reason: lower interest rates compared with those offered in 2011-12. In such a lacklustre market, state-owned Jawaharlal Nehru Port Trust (JNPT) is hitting the market at the fag end of the financial year 2013 with its tax free bonds of Rs 1,000 each to raise Rs 2,000 crore.
Joint managing director of Bajaj Capital, Sanjiv Bajaj, tells CNBC-TV18 that he prefers public sector bond issues over private, especially at the yields offered.
India Infrastructure Finance Company (IIFCL) today said it is targeting to raise Rs 11,000 crore from institutional and retail investors through bond issues by March, 2012.