Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale. On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000 crore at a rate of interest of 7.54%, the lender informed … Read more
U.S. Treasury yields tumbled Thursday after the latest inflation data showed a dip last month, suggesting the Federal Reserve could start to lower interest rates this year. The yield on the 10-year Treasury fell 7.4 basis points at 4.205%. The 2-year Treasury yield pulled back 11.9 basis points to 4.511%. Yields and prices move in … Read more
Supporters of the left wing union, New Popular Front, gather at the Place de la Republique on July 7, 2024 in Paris, France following the defeat of the far-right in France’s legislative elections. Anadolu | Anadolu | Getty Images Government bond markets in France saw some selling early on Monday, but were fairly muted overall … Read more
Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. The yield on the 10-year Treasury fell more than 6 basis points to 4.28%. The 2-year Treasury yield declined by nearly 8 basis points to 4.61%. Yields and prices move in opposite directions. One basis point … Read more
Auto parts maker Samvardhana Motherson International has raised $350 million by selling five-year bonds to overseas investors. The issue was priced late Wednesday. The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account … Read more
NEW DELHI, INDIA – JANUARY 31: A view of Parliament House Building on the first day of the Budget session of Parliament on January 31, 2024 in New Delhi, India. (Photo by Ajay Aggarwal/Hindustan Times via Getty Images) Hindustan Times | Hindustan Times | Getty Images Indian government bonds reached a major milestone on Friday … Read more
Residential buildings in Mumbai, India, on Wednesday, June 5, 2024. Bloomberg | Bloomberg | Getty Images India is set to see billions in inflows into the country’s rupee-denominated government debt market, as state bonds make their debut on JPMorgan’s emerging market index on Friday. This is reportedly the first time Indian government bonds have been included … Read more
Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds. This is a maiden sustainability-linked fundraising by any listed Real Estate Investment Trusts (REITs) in India. This follows the REIT’s issuance … Read more
U.S. Treasury bond yields fell on Tuesday after a cool reading for May retail sales raised concerns about the strength of the economy. The 10-year Treasury yield was more than 6 basis points lower at 4.215%. The 2-year Treasury note yield was down more than 5 basis points at 4.708%. Yields and prices move in … Read more
Mumbai: HDFC Bank is making market enquiries about the issuance of infrastructure bonds worth around ₹10,000-15,000 crore as India’s largest lender by market value looks to garner long-term capital and meet the reserve requirements arising out of its last-year merger with erstwhile parent HDFC. “Bond markets are relatively stable now after the election-related volatility and … Read more
