The five-year paper Monday yielded 5.13 percent compared with 4.97 percent last Wednesday, a day before the Reserve Bank of India’s (RBI) bi-monthly policy.
The short-end trade had been crowded in India recently as traders pinned their hopes on more rate cuts to support an economy set for its first contraction in four decades.
RBI refrained from taking steps to ease the market’s debt burden at a policy review last week, even as the government plans to sell 12 trillion rupees ($160 billion) of bonds this fiscal year.
During the same period, US benchmark Treasury yield, the metric used to price overseas bonds, fell just nine basis points.
BSE Bond platform allows corporates to remotely set up their issues and open for subscription seamlessly.
The yield on most-traded 5.79% 2030 notes rose four basis points to 5.86%, after climbing as high as 5.89%, following the Reserve Bank of India’s decision Thursday to keep the key policy rate unchanged at a record low.
Buffett said in early May that he was keeping cash high to be prepared for any direction the pand
Interglobe Aviation Ltd , which runs India's largest airline IndiGo, said on Monday it will raise
While solid momentum in the domestic stocks gave a wow moment to the money managers for the wealt
Analysts believe that the wide variation in the lease rental rate demand by the Indian Railways a
"RIL's deleveraging could exceed our expectations, given the extent and magnitude of its asset mo
The participation of retail investors will also increase in future REITs, enabling them to earn d
The loss-making operator has started a restructuring drive to help save Rs 4,000 crore on an annu
FIIs have invested a net of $1.1 billion in Indian shares in July, after pumping in $2.5 billion
Mahindra & Mahindra has been in the midst of major restructuring exercise, where the company is t
Select state bonds like Tamil Nadu, West Bengal, Uttar Pradesh are yielding 7-15 basis points higher than corporate bonds of PGC, NTPC, IRFC, dealers said.
The bonds will be listed on India INX's Global Securities Market, which connects global investors with Indian and foreign issuers.
Some analysts, however, advised investors to give it a miss and wait for the next series, which will be issued at the end of August, as they find the prices unfavourable at this point.
Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45 per cent, the lowest coupon seen at that maturity since Apple Inc issued a $1.5 billion five-year note at 0.45 per cent in 2013.
The proposed delisting is in line with billionaire chairman Anil Agarwal’s plan to simplify his investments across a complex corporate structure. The company is in discussion with foreign banks to finalise the structure.
Indian borrowers are trying to address investor concerns that businesses will deteriorate further after prolonged stay-at-home restrictions brought the economy to a standstill.
Given the 51% rise in gold prices over the last one year and 11% in July alone, investors could avoid aggressive bets on gold.
Net inflows into Chinese bonds through Bond Connect, which gives global investors access to the country’s onshore bond market through Hong Kong, totalled 75.5 billion yuan ($10.83 billion) in July.
The poll showed a recommended cut to equity allocations to average 43.9% in the global balanced model portfolio from 44.2% last month, the lowest since July 2016.
The Sovereign Gold Bond Scheme 2020-21-Series V will be opened for subscription from August 3-7, 2020.