Latest news with #ESG-linked
Time of India
4 days ago
- Business
- Time of India
BoI to raise Rs 20,000 cr via infra bonds this fiscal
State-owned Bank of India (BoI) on Thursday said it plans to raise Rs 20,000 crore during the current fiscal via bonds to fund infrastructure projects. The board approved the issuance of long-term infra bonds worth Rs 20,000 crore in 2025-26, BoI said in a regulatory filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Build Your Dream Villa Near Bengaluru Airport Sumadhura Group Learn More Undo Banks, including SBI , have been raising funds through bonds to secure funds that are solely dedicated to advancing various infrastructure development projects. Bonds Corner Powered By BoI to raise Rs 20,000 cr via infra bonds this fiscal State-owned Bank of India (BoI) on Thursday said it plans to raise Rs 20,000 crore during the current fiscal via bonds to fund infrastructure projects. Indian bonds flat as sell-off stalls after pricing in RBI liquidity plan T-bill, money market rates rise on VRRR plan Gandhinagar Municipal Corporation's Rs 25 crore bonds list on NSE IFSCA unveils framework for ESG-linked transition bonds at GIFT City Browse all Bonds News with The advantage of infrastructure bonds is that they are exempt from regulatory reserve requirements, such as the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). So, infrastructure bond proceeds can be fully deployed for lending activities. Banks have been preferring infrastructure bonds over AT-1 and Tier-2 bonds, as they are better priced.
Time of India
5 days ago
- Business
- Time of India
Indian bonds flat as sell-off stalls after pricing in RBI liquidity plan
Indian government bonds were flat in early trading on Thursday, as investors took a breather after news of the central bank's cash withdrawal plan to tweak liquidity triggered a sell-off. The yield on the benchmark 10-year bond yield was at 6.2839% as of 10:30 a.m. IST, compared with the previous close of 6.2873%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Treatment That Might Help You Against Knee Pain Knee pain | search ads Find Now Undo The five-year 6.75% 2029 bond was not traded; it closed at 6.0264% in the last session. Bonds Corner Powered By Indian bonds flat as sell-off stalls after pricing in RBI liquidity plan Indian government bonds remained stable in early trading following a sell-off triggered by the Reserve Bank of India's (RBI) announcement of a cash withdrawal plan to manage liquidity. Investors are awaiting Friday's bond auction, where New Delhi plans to sell bonds worth 360 billion rupees. T-bill, money market rates rise on VRRR plan Gandhinagar Municipal Corporation's Rs 25 crore bonds list on NSE IFSCA unveils framework for ESG-linked transition bonds at GIFT City India's 5-year bond yield leads rise on RBI's cash withdrawal plan Browse all Bonds News with Bond yields move inversely to prices. "The news on VRRR halted a bullish momentum - those who had built positions at the start of the week took a beating," a trader with a primary dealership said. "We will now wait for Friday's auction to take a view, and volumes may remain muted till then." Live Events New Delhi is set to sell bonds worth 360 billion rupees ($4.19 billion) on Friday. The Reserve Bank of India will conduct a seven-day variable rate reverse repo (VRRR) auction worth 1 trillion rupees the same day to tweak banking system liquidity level. The liquidity surplus stood at 2.47 trillion rupees as on June 25. Reuters reported earlier that the RBI may use these rates as and when required, and that it sought market feedback to bring the call rates closer to the repo rate by conducting the VRRR auction . Trading volumes in the 6.33% 2035 bond are also expected to rise as the government plans to sell 300 billion rupees of the paper in Friday's auction. RATES India's overnight index swap rates inched lower after a sharp rise the previous day. The rates could see some receiving pressure during the day amid growing anticipation of a U.S. rate cut, traders said. The RBI liquidity withdrawal plan pushed up trading volumes in the short-end OIS rates to a two-week high on Wednesday. The one-year OIS rate was flat at 5.52%, while the two-year OIS rate was down 1 basis point at 5.49%. The liquid five-year was down 1 basis point at 5.68%.
Time of India
5 days ago
- Business
- Time of India
Gandhinagar Municipal Corporation's Rs 25 crore bonds list on NSE
Gandhinagar Municipal Corporation (GMC) on Wednesday announced the listing of its maiden municipal bonds worth Rs 25 crore on the National Stock Exchange . The bond issue received an overwhelming response from investors, garnering bids worth Rs 225 crore -- nine times the issue size during the one-hour subscription window on NSE, the corporation said in a statement. The civic body becomes the fifth urban local body in Gujarat after Ahmedabad, Surat, Vadodara and Rajkot and the 17th in the country to issue municipal bonds. Bonds Corner Powered By Gandhinagar Municipal Corporation's Rs 25 crore bonds list on NSE Gandhinagar Municipal Corporation (GMC) on Wednesday announced the listing of its maiden municipal bonds worth Rs 25 crore on the National Stock Exchange. IFSCA unveils framework for ESG-linked transition bonds at GIFT City India's 5-year bond yield leads rise on RBI's cash withdrawal plan Indian bonds jump as traders lap up debt after Israel-Iran ceasefire De-escalation of Iran-Israel conflict pushes oil down, aids India bond bulls Browse all Bonds News with Established in 2010, GMC is also the youngest ULB in the country to do so. The bonds carry a coupon rate of 7.65 per cent, it added. "Today, as Gujarat celebrates 20 years of progressive urban transformation, the state government observes the year 2025 as the 'Year of Urban Development', this milestone has become a proud moment for Gujarat," Gujarat Chief Minister Bhupendra Patel said.
Time of India
19-06-2025
- Business
- Time of India
India's Larsen & Toubro may explore another ESG bond issue after debut attracts premium, spokesperson says
Indian infrastructure major Larsen & Toubro could raise funds through environmental, social and governance bonds again, after its first-ever issuance of the notes was sold at a premium, a company spokesperson said on Wednesday. In the debut bond sale under India's newly-introduced ESG debt securities framework, L&T on Wednesday raised 5 billion rupees ($58 million) through three-year notes at a coupon of 6.35%. This compares with 6.45%-6.50% secondary market yields on the company's near three-year bonds, according to merchant bankers. Bonds Corner Powered By India's Larsen & Toubro may explore another ESG bond issue after debut attracts premium, spokesperson says In the debut bond sale under India's newly-introduced ESG debt securities framework, L&T on Wednesday raised 5 billion rupees ($58 million) through three-year notes at a coupon of 6.35%. Indian bond yields marginally higher; focus on oil, debt supply Sebi eases norms for foreign investors who only buy government bonds Lending yields set to shrink in FY26 as banks play it safe Jiraaf launches India's first Bond Analyser to decode fixed-income investing Browse all Bonds News with "We remain open to raising more funds through ESG-linked issuances...," the spokesperson told Reuters. "Should the need arise, and if market conditions are conducive, we may consider the ESG debt market again." The notes, rated AAA by Crisil, saw banks and mutual funds as investors, the spokesperson said. Live Events SBI Mutual Fund was the anchor investor and bought at least 750 million rupees of the bonds, bankers said. The fund house did not reply to a Reuters email seeking comment. "We were able to achieve beneficial pricing on this ESG bond issuance compared to our plain vanilla bonds. The strong investor interest in credible ESG-labelled instruments helped us price the bond attractively," the L&T spokesperson said. The deal signals that credible ESG-labelled issuances can secure premium pricing purely on the strength of transparency and investor confidence, said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap. "Going ahead, this could open the gates for more corporates to access the ESG bond market, and issuers with strong sustainability credentials may benefit from favourable pricing." ETMarkets WhatsApp channel )
Economic Times
19-06-2025
- Business
- Economic Times
India's Larsen & Toubro may explore another ESG bond issue after debut attracts premium, spokesperson says
Indian infrastructure major Larsen & Toubro could raise funds through environmental, social and governance bonds again, after its first-ever issuance of the notes was sold at a premium, a company spokesperson said on Wednesday. ADVERTISEMENT In the debut bond sale under India's newly-introduced ESG debt securities framework, L&T on Wednesday raised 5 billion rupees ($58 million) through three-year notes at a coupon of 6.35%. This compares with 6.45%-6.50% secondary market yields on the company's near three-year bonds, according to merchant bankers. "We remain open to raising more funds through ESG-linked issuances...," the spokesperson told Reuters. "Should the need arise, and if market conditions are conducive, we may consider the ESG debt market again." The notes, rated AAA by Crisil, saw banks and mutual funds as investors, the spokesperson said. SBI Mutual Fund was the anchor investor and bought at least 750 million rupees of the bonds, bankers said. The fund house did not reply to a Reuters email seeking comment. ADVERTISEMENT "We were able to achieve beneficial pricing on this ESG bond issuance compared to our plain vanilla bonds. The strong investor interest in credible ESG-labelled instruments helped us price the bond attractively," the L&T spokesperson said. The deal signals that credible ESG-labelled issuances can secure premium pricing purely on the strength of transparency and investor confidence, said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap. ADVERTISEMENT "Going ahead, this could open the gates for more corporates to access the ESG bond market, and issuers with strong sustainability credentials may benefit from favourable pricing." (You can now subscribe to our ETMarkets WhatsApp channel)
