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INTEREST RATES ON CPS
Corporate Paper issuances touch 5-yr high at Rs 2.53 lakh crore in JuneIndian companies significantly boosted their fundraising via commercial papers in June, reaching a near five-year high. This surge, driven ...
Mindspace REIT raises Rs 500 cr through 10-year NCD issueMindspace Business Parks REIT raised Rs 500 crore through 10-year NCDs at 7.63% coupon, fully subscribed by an insurer. Funds will refinanc...
Corporate borrowing moving toward banks from CPs, NCDs"With forecasts of policy rate hikes already at a steep 250 basis points, we worry that this might impede aggregate growth and reduce discr...
CP sales fall 60% as short-term rates soarFurthermore, the massive outflow of funds from debt schemes due to losses on mark to market has put pressure on rates that mutual funds dem...
State oil companies take the CP route to raise Rs 12,500 croreCompanies sought to raise the short-term funds to meet working capital needs.
9 firms to list commercial papers worth Rs 6,100 crore on BSEAfter the process, the effective date of listing CPs with the exchange will be January 7.
Aditya Birla Housing Finance, Axis Finance, 4 others to list commercial papers on BSEPost process, the effective date of listing for CPs at the exchange will be December 26, BSE said in a statement.
HDFC, JSW Steel, 2 others to list commercial papers on BSETill date, 19 issuers have done 43 issuances of CPs and have successfully listed CPs of Rs 22,170 crore on the BSE.
What it means to invest in a commercial paperCPs can be issued in denominations of Rs 5 lakh or multiples thereof.
Everything you need to know about commercial papersDebt mutual fund schemes hold commercial paper (CP) as instruments in their portfolios.
Four smart things to know about commercial papersCPs are unsecured money market instruments issued to meet short-term needs of companies. NBFCs are primary issuers of CPs.
Companies bypass banks to raise short-term funds via commercial papersCompanies raised more money from commercial paper in the first two months than in the same period last year with issuances crossing Rs.1 la...
Short-term debt products can provide good opportunity for investors as equities flounderShort-term debt products could offer around 15% annualised return over the next one month on expected rally in short-term papers (CPs and C...
- 'CPs may be better for cos than bank funds'
The base rate mechanism is likely to make working capital borrowing from banks more expensive.
- MFs keep off T-bills, turn to CPs, CDs for higher returns
The idea to shift investment to short-term papers also stems from the premise that interest rates could go up over the next few months. Inv...
- India Inc, NBFCs go for big hits in short-term debt
Commercial paper (CP) issuances have shot up, with close to Rs 6,997 crore being raised through this route in just one fortnight.
- Cos troubled in raising short-term debt
The reason is RBI's monetary tightening has hiked interest rates on Commercial Papers by 3%.
- CP volumes shrink as India Inc opts for long shot on rates
Corporates appear to be taking a view that interest rates have stabilised. They are now locking into long-term loans and are avoiding short...
- Forex reserves increase to $167.1bn
Foreign exchange (forex) reserves rose $939m during the week ended on October 27, partly on account of revaluation of reserves.
- Banks & corporates now bond with short-term instruments
Short-term instruments are the flavour of bond market. Corporate borrowings through commercial papers have surged, and so has banks’ fund m...