Promoted by Kedaara Capital and Partners Group, Aavas is primarily engaged in the business of providing housing loan to customers belonging to low and middle-income segment in semi-urban and rural areas.
Inclusion in the World Government Bond index, which could begin next October if approved, means CGBs will be a must-have asset for investment giants such as pension funds desperate for good returns as the global bond market is battered by the virus pandemic.
The benchmark 10-year bond yield rose to a session high of 6.03 percent after the OMO results were announced but ended the day steady at 5.99 percent.
The issue size for the secured redeemable Non-Convertible Debentures (NCDs) will be Rs 2,500 crore with an option to retain oversubscription of up to Rs 2,500 crore, HDFC Ltd said in a regulatory filing.
India has one of the largest local currency government bond markets among emerging-market economies with over $800 billion in debt stock.
S&P's concern is also that the buying is not guided by inflation controlling objectives, but by worries a COVID-19 debt issuance surge will hit borrowing costs and currencies.
The bond issuance follows the commitments for $1.75 billion that VRL had received earlier for a three-month term loan facility, taking the total amount of debt to $3.15 billion across global debt markets.
The funds were mopped up to strengthen balance sheets, which might have been impacted due to the coronavirus pandemic, retire existing debt and to support working capital requirements, market experts believe.
The issue price for the bonds (series IV) that were open for subscription from July 6-10 was Rs 4,852 per gram of gold.
These norms are being implemented to mitigate concerns on potential stress on asset quality and consequential impact on performance and profitability of banks.
The aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries in view of the coronavirus pandemic.
In India, about 97 per cent of the issuance and trading in corporate bond market is in just the top rated categories, Tyagi said.
Bharat Bond ETF with a fixed maturity of 3 years and 10 years, had fetched about Rs 12,400 crore from its debut offer in December 2019.
RBI deployed several conventional and unconventional tools to restore orderly conditions in financial markets and maintain normal functioning of financial intermediaries, the article published in RBI's monthly bulletin for July showed.
The Pune-headquartered bank said the board has okayed to issue equity shares of the lender to the government for Rs 831 crore on a preferential basis.
The 3-year bonds worth $4 billion, with a coupon rate of 0.25 percent per annum payable semi-annually, have a maturity date of July 14, 2023.
The relaxation pertains to submission of investor grievance report, financial results and accounts maintained by issuers under ILDM Regulation, Sebi noted in a circular.
Financial resources and management committee of the company's board of directors on Monday approved the issuance of the private placement of rated, secured and redeemable non-convertible debentures up to Rs 300 crore, it said in a regulatory filing.
BoB reported a standalone net profit of Rs 506.59 crore for the fourth quarter ended March, as against Rs 991.37 crore in the January-March quarter of the preceding fiscal.
'The board of directors in its meeting accorded approval to raise Basel III compliant tier-1 and/or tier-2 bonds up to Rs 5,000 crore in one or more tranches in current or subsequent financial years based on the requirement,' India Bank said in a regulatory filing.
The tenure of the instrument is three-years-and-one day and the interest rate is fixed at 9 percent per annum, Piramal Enterprises said.
The tenure of the instrument is for three years and 10 days, the company said.
The Ministry of Finance said on Monday it will auction 50 billion yuan of five-year bonds, and 50 billion yuan of seven-year bonds.
The committee approved the issuance of 1,000 rated, listed, secured, redeemable non-convertible debentures (NCDs) aggregating up to an amount of Rs 100 crore on a private placement basis, it said.
The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.