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SOFR FUTURES
Liquidity crunch eases hopes for Fed to end quantitative tighteningA massive SOFR futures trade signals investor bets on the U.S. Federal Reserve ending quantitative tightening, reflecting shifting liquidit...
India Inc doubles up on borrowing overseas after sovereign upgradeFollowing India's sovereign rating upgrade by S&P, domestic firms like Credila and Muthoot Finance are actively pursuing offshore fundraisi...
Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources sayMorgan Stanley is marketing $5 billion xAI debt with floating and fixed rate options amid an ugly public dispute between the AI firm's owne...
More foreign banks to take part in RIL's $3-billion loan syndicationReliance Industries (RIL) is broadening the syndication of its $3-billion dual currency loan, adding around 10 global banks, including ANZ,...
Indian firms use currency swaps to lower borrowing costs as Fed rate cuts kickoffIndian companies are using cross-currency swaps to convert rupee debt into dollars, aiming to reduce borrowing costs as U.S. interest rates...
Traders dial back expected Fed rate cuts as recession risks easeIn options pegged to the Secured Overnight Financing Rate, a popular trade over the past week has been hedging the risk that interest rates...
Shriram Housing Finance raises $50 million in its maiden external commercial borrowingThe mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secu...
Muthoot Microfin to raise $25 million from Swiss investor ResponsAbilityThe first tranche of $15 million was executed on October 15 after receiving regulatory approval while the balance of $10 million is schedul...
BoB plans to raise $500m overseas loanWhile BoB operates through a New York-based branch in the US, it has subsidiaries including Bank of Baroda (UK), Bank of Baroda (Uganda) an...
Tata Power raising $320m in sustainability-linked loansBoth the loans are in dollar denomination with a tenor of about three years. They will be priced after adding 125-150 basis points over the...
Reliance Jio to raise $750 mn via offshore loanBankers aware of the development said Jio’s latest fundraise via an offshore loan will also underline global investor confidence in India’s...
Stocks in the news: Axis Bank, ZEEL, Airtel, Cadila and Coal IndiaThe National Company Law Tribunal directed Zee Entertainments Enterprises to submit reply on a petition filed by Invesco and OFI Global Chi...
RIL cuts term SOFR deal with JP Morgan, heralds a new eraThe financing deal was sealed at the bank’s overseas branch, likely in Singapore, and it involved discounting a Letter of Credit (LC). The ...
New US credit benchmarks gain traction as Libor deadline approachesInvestors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate.
Stocks in the news: Ashok Leyland, GCPL, Vedanta, DRL, Tanla Platforms and YES BankGold refiner Rajesh Exports said it has secured an order worth Rs 745 crore from Germany.
SGX Nifty up 130 points; here's what changed for market while you were sleepingAsian stocks rose on Friday after US shares rallied and the dollar eased overnight, as fears of social-media driven hedge fund selling abat...
Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...