The case of today’s missing bond market
The sleuths are at it again. They are trying to enravel what caused the sudden demise of the corporate bond market and the magic potion to revive […]
Bonds
L&T Finance raises Rs 2228cr in public issue of bonds
L&T Finance said Thursday it has raised Rs 2,228 crore through a public issue of bonds. The company announced early closure of the public issue following […]
What are covered bonds?
These are best described as layered refinancing instruments – a sort of a hybrid between the usual mortgage-backed security and a traditional, secured bond issued by a […]
Risk of fallen angels in Asia’s bond market is rising
Asia’s dollar bond markets have staged a blistering rally this year, but for a group of borrowers that sit on the cusp of a junk rating, there’s no […]
Rate cut fails to tame yields in corporate bond market
MUMBAI: The Reserve Bank of India’s recent rate cut hasn’t, at least so far, translated into lower cost for companies raising long-term funds in the […]
Punjab National Bank to seek Rs 5,431-crore capital infusion from govt
A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad on March 20.(Reuters) Punjab National Bank (PNB) Wednesday said it […]
Govt set to inject Rs 2000 crore into fraud-hit Punjab National Bank by next week
Unless PNB gets fresh capital in time, it may be unable to make the payment because an unprecedented loan-fraud wiped out its profits and pushed […]
Govt takes over indebted lender IL&FS in surprise move
PF6997 New development in Bandra Kurla Complex area, Mumbai, Maharashtra, India.(Alamy Stock Photo) The government will immediately seize control of a shadow lender whose defaults […]
Rupee surges most in 18 months as India plans steps to end rout
India’s rupee rallied the most in 1 1/2 years and stocks recovered after an official said the government may announce measures to support the currency […]
Tech stocks battered after disappointing Amazon and Alphabet results
So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc. The weak […]