Manappuram Fiance raises Rs 200 crore through bonds

Manappuram Finance has raised Rs 200 crore by issuing secured bonds on a private placement basis. The Financial Resources and Management Committee of the board of directors of the company in a meeting held today approved the allotment of 2,000 secured redeemable non-convertible debentures, the company said in a regulatory filing. With a face value […]

Bond gains from softer India inflation data may be short-lived

Mumbai: Investors shouldn’t read too much into Friday’s advance in Indian bonds, which follows a slower-than-estimated rise in inflation last month. That’s because the softer headline number masks an increase in demand-side pressures, which is what the central bank looks to manage through interest rates. The so-called core inflation climbed to 4.6% in September from 4.5% […]

India’s bonds slump after RBI cuts SLR by 50 bps

India’s bonds slumped on Wednesday, sending yield sharply higher, after the Reserve Bank of India (RBI) cut the statutory liquidity ratio, or the amount of bonds banks must set aside with the central bank, by 50 bps to 19.50 percent from mid-October. The decision, announced at the same time the RBI kept the repo rate […]

NHPC gets shareholders’ nod to raise Rs 2,000 cr via bonds

State-run hydro power giant NHPC today said its shareholders have approved the proposal to raise Rs 2,000 crore via issuance of non-convertible debentures on private placement basis. The special resolution to authorise board to raise Rs 2,000 crore via the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, […]

India to decide October-March borrowing at September 28 meeting: Finance Ministry source

India will decide its October-March government borrowing amount on Thursday, a finance ministry official said on Tuesday. The government has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing. However, market participants expect the government to borrow more than the estimated amount in the […]