Commercial Papers

The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, second time in a row.

Short-term debt gets cheaper due to higher surplus systemic liquidity

Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.

IFSCA likely to issue norms for listing CPs, CDs in GIFT City in 3 weeks

Earlier this month, IFSCA issued sought comments and suggestions from the stakeholders on the draft circular on listing of commercial papers and certificates of deposits on GIFT City

RBI Bulletin | Lagging deposit growth push banks to raise huge funds from CDs

CP issuances also increased to Rs 4.86 lakh crore during 2024-25 (up to July 31), surpassing Rs 4.72 lakh crore in the corresponding period of the previous year, driven by NBFCs’ higher borrowings in the CP market.

CP, CD yields ease 25-30 bps in a month as banking system sees surplus liquidity

The liquidity in the banking system, which was in the deficit mode for the so long has started getting in to surplus mode since June 27 due to government spending.

CP issuances in June surge to highest so far in 2024, shows data

Amid tight liquidity in the banking system, banks have raised Rs 1.50 lakh crore in June.

Yield on short-term debt instruments falls up to 20 bps on easing liquidity conditions

So far in this month, the central bank conducted seven VRRR auctions to remove excess surplus liquidity from the banking system.

Commercial paper yield rises to over 5-year high, near IL&FS crisis level

The yield traded at 8.40 percent on January 18 as liquidity in the banking system remained tight.

CP yields rise 5-15 bps in one week as liquidity deficit widens

Yield on papers issued by non-banking finance companies maturing in three months rose to 8.20-8.50 percent this week from 8.10-8.30 percent last week, and those on manufacturing companies’ papers rose to 7.70-7.90 percent, from 7.65-7.75 percent.

Corporate bonds, commercial paper issued in October fell to lowest level in 2023

The yield on corporate bonds across maturities rose 8-18 basis points during the month.

MFs’ deployment in up to 90-day CPs of NBFCs rises 21-month high in May: SEBI data

According to AMFI data, liquid funds in May received inflows worth Rs 45,234.22 crore.

MFs can now participate in repos on Commercial Papers, Certificate of Deposits

SEBI had first allowed the participation of mutual funds in repo in corporate debt securities in 2011. The fund houses were then allowed to participate in repo transactions only in AAA-rated corporate debt securities.

10-year bond, repo rate gap shrinks to over 5-year low. Are we near a rate-cutting cycle?

Spreads have narrowed further as the market's terminal rate expectations might have changed with the RBI keeping the policy rate unchanged and inflation easing, say fund managers

Rs 2,000 note withdrawal impact: CD, CP yield falls on expectation of improvement in bank deposits

The yields on CDs maturing in three months, which were trading in the 7.00-7.20 percent range on May 17, have now fallen to 6.80-6.95 percent.

CP rates down 8-17 bps in last one month; will they sustain at these levels?

Rates on commercial papers issued by NBFCs fell by 17 bps and those on papers issued by manufacturing companies fell by 8 bps; all eyes on US Fed meet outcome for further rate trajectory.

Indian debt instrument yields begin to ease since banking crisis breaks out in US

The yield on Commercial Paper issued by non-banking financial companies (NBFCs) eased 20-40 basis points, and that on debt issued by manufacturers by 30-35 bps.

CP, CD rates may jump 5-10 bps by March-end as liquidity tightens: Experts

Liquidity is expected to tighten significantly amid advance tax collections and auction outflows for treasury bills.

Lower-rated firms see borrowing costs jump 300 bps as RBI rate hikes pinch

Returns on corporate bonds are expected to stay elevated due to strong credit demand, falling liquidity, and rate hikes by the central bank.

CP issuances fell 7% on-month in December 2022 on uptick in yields

Companies raised Rs 1.14 lakh crore in the month through CPs, compared to Rs 1.22 lakh crore in the previous month, according to Prime Database data.

Debt MFs' allocation to corporate bonds, CPs moderates after IL&FS default, COVID pandemic: RBI Bulletin

Fund houses have secured their investment by increasing the exposure to debt securities issued by state and central government

Godrej Industries to issue 3-month CP: Traders

The company will offer a yield of 6.75% on the issue and has received commitments worth about 750 million rupees

Sebi specifies fine, action to be taken in case of non-compliance by non-convertible securities issuers

The circular will come into force for the due dates of compliances falling on or after February 01, 2022.

BSE raises over Rs 18 lakh crore for India’s corporate sector in FY21

Despite the unprecedented outbreak of COVID-19, the fundraising by BSE was 53 percent higher than the funds raised in FY21.

BSE, NSE issue framework for listing of commercial papers

This come after the capital markets regulator Securities and Exchange Board of India (Sebi) in October asked exchanges to put in place necessary framework for systems and procedures for listing of commercial papers.

Banking wrap: FM meets PMC Bank customers; RBI board discusses regulatory framework of co-operative banks

Banking sector wrap: Depositors switch to long term maturities in hunt for higher rates; commercial paper issuances slump on stricter SEBI norms