SBI likely to begin issuance of Rs 10,000-cr rupee bonds soon

SBI likely to begin issuance of Rs 10,000-cr rupee bonds soon

Mumbai: State Bank of India (SBI) is likely to kick off rupee bond issuances for the current financial year towards the end of this month or early next month with a sale of additional tier-1 bonds, sources aware of the development said The bond sale could be for up to ₹10,000 crore, with a base … Read more

The UK is gripped by an economic crisis of its own making | CNN Business

The UK is gripped by an economic crisis of its own making | CNN Business

London CNN Business  —  A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn’t know the scale of the storm that was about to break. Less than 24 hours later, the government of new UK … Read more

Covid resurgence will force RBI to keep the monetary tap open, bond market shows

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NEW DELHI: Central banks around the world sure have their work cut out. Just when monetary authorities were preparing the ground for a reversal of ultra-loose policies adopted in response to the coronavirus crisis, the virus, it seems, has taken new and potentially more dangerous avatars. From bracing for interest rates in major economies to … Read more

ECB Leaves Policy Mix Unchanged as It Monitors Covid-19’s Impact on Economy

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FRANKFURT—The European Central Bank left its large monetary stimulus unchanged Thursday, as policy makers wait to see how a resurgence in Covid-19 cases across the continent and a jump in the value of the euro might affect the region’s economy. ECB President Christine Lagarde said the bank is paying close attention to the currency, highlighting … Read more

Will RBI measures trigger rally in bonds?

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Mumbai: The Reserve Bank of India (RBI) announced fresh liquidity measures and a relaxation in mark-to-market rules to help calm investor nerves as a sudden spike in yields hit bond markets. It raised the amount of bonds that could be held without providing for losses by 2.5 percentage points, raising the demand for government bonds … Read more

Argentines Seek Safety of U.S. Dollars, Despite Debt Deal

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Argentines are once again rushing to the safety of the U.S. dollar, a sign the country’s deal with creditors to restructure $65 billion in foreign debt has failed to restore confidence in government policies. The agreement reached early this month to lower interest payments and extend debt maturities will provide the insolvent South American country … Read more

IRB Infra raises Rs 150 crore via NCDs

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New Delhi: IRB Infrastructure Developers on Wednesday said it has raised Rs 150 crore through allotment of NCDs on a private placement basis. “This is to inform you that the management administration and share transfer committee of the board of directors of the company…has allotted 9.55 per cent secured, redeemable, listed, rated non-convertible debentures (NCDs) … Read more

Sebi extends compliance deadline for municipal bonds

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New Delhi: Markets regulator Sebi on Tuesday further extended the deadline for issuers of municipal debt securities to comply with certain regulatory norms to July 31 in view of the COVID-19 crisis. The relaxation pertains to submission of investor grievance report, financial results and accounts maintained by issuers under ILDM Regulation, Sebi noted in a … Read more