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SOVEREIGN PERPETUAL BONDS
SBI's AT1 bond yields rise in secondary trades"With a larger outstanding stock of bonds, SBI perpetual papers for the first time yielded higher than select other banks," said Ajay Mangl...- SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demandAT1 papers come with a five-year call option. Accordingly, the difference with the five-year government bonds came around 59 basis points a...
- Wary of equity market, investors turn to PSB perpetual bondsRising inflation is seeing investors ducking from the storm in equities market to safe haven fixed-income investments and they prefer longe...
- Perpetual bonds are back in demand as investors shy away from equitiesPerpetual bonds, known as Additional Tier 1 in market parlance, do not have any fixed maturities but generally have a five-year call option...
- Perpetual bond yields see sharp rise on MF sellingSebi’s deafening silence had a loud impact: Yields on this variety of bonds sold by State Bank of India and Bank of Baroda surged up to 103...
- Bharti Airtel plans to raise $1 billion through perpetual bondsTHE telco is using this route to raise funds for a 2nd time after a $250-m issue by its arm a year ago; funds may be used for expansion or ...
- Bank of Baroda forced to fork out more for perpetual bondSince July 16, the benchmark bond yield has risen 5 basis points. But, the cost of Bank of Baroda’s perpetual bond rose by a quarter percen...
- Perpetual bond market comes back to life as banks open up for salesThis calendar year so far, there were only two issuers who raised Rs 1,300 crore through the route. In contrast, Rs 3,427 crore was raised ...
- Fitch revises Bharti Airtel outlook to negative; affirms at 'BBB-'The ratings agency said the negative outlook follows its revision of the outlook on India's long-term foreign- and local-currency IDRs to n...
- Monetise fiscal deficit, financing not a problem: EconomistsThe Rs 20 lakh crore stimulus package announced by the government will have a much more muted impact on the fiscal deficit than what the he...
- Sovereign perpetual bonds: An idea whose time has comePerpetual bonds are a standard instrument in the kitty of capital markets today.
- Bond investors prefer safety to returns on YES Bank woesSovereign-backed institutions are now preferred over their private sector peers, whose funding costs could rise in the next few weeks despi...
- RIL shares rise after firm raised $800 million via bond saleRIL is rated on par with the sovereign rating. Companies cannot be rated higher than their sovereign.
- RIL launches bond sale a day after India upgradeThe company kickstarted the sale earlier this morning as it seeks to refinance the perpetual bonds it sold in 2013.
- Moody’s upgrade may help small government banksThe benchmark bond yield was at 6.61% on September 25, the day the Kolkata-based lender sold those risky papers.
- IDBI Bank repays its bond investors ending doubtsWith the latest interest payment, some market participants expect that future bond sales may bring down issuers’ borrowing costs by a few b...
- Perpetual bonds: What leads mutual funds to buy?About Rs 8,000-9000 crore worth of perpetual bonds are hitting the market offering rates mostly in the broad range of 8.39-11% depending on...
- IDBI Bank in a fix, may have to buy back offshore bonds from investors immediatelyEquity investors may have cheered the government's plan to cut stake in IDBI Bank to less than 51%, but it may come at a cost.
- Reliance Industries doubles average life of its debt to 7.5 yearsThe company, he said, is in midst of its largest ever capex programme of over $30 billion across refinery, petrochemicals and the telecom 4...
- ICICI Bank plans to raise $250m overseas via perpetual bondsIndia’s second-largest lender ICICI Bank plans to sell $250m Tier-I perpetual bonds overseas next week.
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