TopicBond Market

Topic: Bond Market

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

Kartik Goyal - July 25, 2019

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 - July 25, 2019

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 - July 24, 2019

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 - July 9, 2019

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 - July 8, 2019

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 - July 3, 2019

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 - June 20, 2019

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 - May 13, 2019

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 - March 10, 2019

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Despite big-bang reforms by Modi govt, two withdrawn bills make the glass half full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 - March 6, 2019

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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Topic: Bond Market

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