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Wednesday, September 10, 2025
TopicBond Market

Topic: Bond Market

India’s maiden $10 billion foreign bond debt sale deal is fraught with confusion

Kartik Goyal -
A news report claims the PMO is opposed to selling debt in foreign currencies, a day after a top finance ministry official overseeing the sale was transferred.

Shunted to power ministry, finance secretary Subhash Garg opts for voluntary retirement

Remya Nair -
Subhash Chandra Garg, moved to power ministry Wednesday, was behind the budget announcement to raise funds from sovereign bond issuance overseas.

India’s plan to raise $10 billion comes at a time when world is desperate for yield

Kartik Goyal -
The deal will give global funds more access to Indian sovereign bonds, and may also let the country’s other issuers adjust debt sale prices.

Bond traders raise questions over India’s revenue forecasts

Kartik Goyal -
IDFC First Bank Ltd. and Quantum Advisors say the revenue projections in the budget are too optimistic given slowing economic growth.

India could raise $10 billion in first foreign bond sale

Shruti Srivastava -
Though the idea of a sovereign bond has been discussed in the past, it was never pursued. Some former central bankers opposed it given the risks from currency fluctuations.

Bond traders have challenge spotting India’s hidden, growing debt

Subhadip Sircar -
There are growing expectations that the government will do an accounting sleight of hand to keep its deficit in check.

Worst growth in decade for India’s corporate bond market fuels worries

Divya Patil -
Pace of growth of India’s bond market has generally been slowing since 2017 and marked its lowest rate in over a decade in May at 9.7%.

SEBI’s new focus on rating agencies is the first step towards bond market reform

Ila Patnaik -
The IL&FS crisis laid bare the problems facing India’s bond markets. Now, there is a need to build deep and liquid markets via regulatory reform.

No relief for investors after RBI is seen curtailing its support for the bond market

Kartik Goyal -
RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.

Despite big-bang reforms by Modi govt, two withdrawn bills make the glass half full

Ila Patnaik -
Much-needed reforms in bond market and banks were sidestepped, reducing the positives of measures like bankruptcy code and inflation targeting.
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Opinion

Tamil Nadu politics is fracturing. Vijay entry can shake things up

R Rajagopalan -
There is an overall sense of ennui with the cynical, established and entrenched parties and politicking in the state.

China wants to lead, not create new world order, say Chinese analysts

Govt must bring pending GST reforms too

Economy

What’s behind bond yields’ logic-defying spike? The market’s concern over the future

Manasi Phadke -
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.

Defence

Denmark tweaks its banned exports list, delivery of critical system for Tejas MK 1A starts 

Snehesh Alex Philip -
HAL has produced 10 Tejas Mk 1A and is now awaiting further deliveries of engines from American firm GE—delayed by two and half years, so far.

National Interest

Punjab is fast becoming the new Northeast. And there’s a message in it for Modi

Shekhar Gupta -
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?

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