State Bank of India (SBI) is likely to raise up to ₹7,500 crore through the issuance of tier-2 bonds next week to meet burgeoning credit demand that has persistently run ahead of deposit accretion by lenders. “They (SBI) are likely to carry out a tier-2 bond sale for up to ₹7,500 crore with a base … Read more
Mumbai: State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender’s first debt issuance of the current financial year witnessing firm demand from the investors. Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to … Read more
Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more
