private bond issuance

NTPC, the state-owned power giant, plans to raise up to ₹18,000 crore through private placement of bonds or non-convertible debentures (NCDs) in the domestic market. A postal ballot notice has been issued to seek shareholders’ approval via e-voting for the fundraising. The funds will support NTPC's aggressive capacity expansion, working capital needs, and other corporate purposes.

New Delhi, Aug 11 () Indian companies garnered Rs 6.7 lakh crore from the issuance of corporate bonds in the last fiscal, with private placement emerging as the most preferred route, the Economic Survey said today.

Market regulator Sebi has been dragged to court by an investor body, Indian Council of Investors (ICA), for alleged in-action against state-run firms which together raised over Rs 11,000 crore through the ‘private placement’ route.

India is currently at a pivotal moment in its economic journey, where strategic and sustained development of the infrastructure sector holds the key to unlocking its full potential.

New Delhi, Sep 27 () Private lender Yes Bank today said it will raise about Rs 330 crore (USD 50 million) by issuing a 7-year term green infrastructure bond to FMO, the Dutch Development Bank, on a private placement basis.

YS Jagan Mohan Reddy criticizes the Andhra Pradesh government's fiscal management, alleging constitutional violations and imprudent borrowing. He points to APMDC's high-interest NCD issuance of Rs. 9,000 crores, secured against mineral wealth, as financially irresponsible. Jagan also claims the government granted private entities direct access to the state's consolidated fund, violating constitutional articles and increasing the state's financial burden.

Corporate India is holding back most of its bond offerings as it waits for the Reserve Bank of India ( RBI) to cut interest rate. Bond issuances have halved since July amid high interest rates and a muted fund demand.

Swatantra Kumar explains: On Sunday, market regulator Securities and Exchange Board of India (Sebi) allowed municipal bodies in India to issue debt securities which could also be listed.

Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 lakh crore owing to good performance of the equities and aggressive fund disbursal by banks at lower interest rate. This was 24 per cent lower from a record Rs 7.72 lakh crore mobilised in 2020-21, data with Securities and Exchange Board of India (Sebi) showed.

Reliance Industries Ltd (RIL) has listed its existing foreign currency bonds aggregating over $7 billion on India INX, making it the largest such listing by a private entity in India INX and GIFT IFSC.

After the Japanese Samurai bonds and Chinese Dim-Sum bonds it is the turn of rupee denominated Masala Bonds to hit the market.

New Delhi, Jul 17 () Private sector mortgage lender HDFC raising Rs 3,000 crore via masala bonds is expected to open the gates for other corporate peers to access this alternate source of funds, says Japanese financial services major Nomura.

New Delhi, Apr 18 () Sebi plans to put in place a framework for consolidation of debt securities as part of efforts to deepen the corporate bond market and ensure better price discovery avenues for investors.

Mumbai, Jul 17 () Listed companies have raised over Rs 8,000 crore from issuance of debt securities on the newly launched electronic book mechanism on stock exchanges in just 15 days since the launch of these platforms.

Illiquidity in secondary corporate debt market is a global issue and so focus should be on further deepening primary market that has grown nearly four-folds in a decade to over Rs 40 lakh crore, an RBI official said.

Public sector banks have managed to successfully roll over their AT-1 (additional tier-1) bonds that were due for call option in FY22.

Public sector banks have lined up Rs 20,000 crore worth of additional tier-1 (AT-1) bonds to meet capital requirements for growth in credit this year. Bank loans as of end-July 2022 are 14% year-on-year compared to a 6% increase in the previous year.

New Delhi, Oct 19 () Leading exchange BSE Friday said Reliance Industries has garnered Rs 3,500 crore by issuing bonds on private placement basis on the bourse's electronic book mechanism platform.

New Delhi, Feb 15 () Indian companies raised Rs 4.57 lakh crore through private placement of corporate bonds during the first 10 months of the current fiscal to meet business needs.