Corporate bonds News

In a notification, the regulator said the restriction is being withdrawn in accordance with a circular issued by the Reserve Bank of India (RBI).

With regard to fiduciaries in the securities market, stricter framework in this regard will be taken up in the meeting.

The ECB will show how closely it is sticking to its plan to buy bonds in proportion to the outstanding debt of euro zone companies that are rated investment grade and are not banks.

Retirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.

Mutual funds have to work on due diligence practices before picking up corporate bonds and should not just rely only on credit ratings given the rising defaults, Sebi chairman Ajay Tyagi said on Thursday.

India Inc's credit profile was at its strongest last fiscal with less than 10 percent of the corporate debt securities rated as unsafe for investment -- the lowest level so far for such issues.

Indian companies raised a record Rs 6.41 lakh crore last fiscal through private placement of corporate bonds to meet business needs, a surge of 40 percent from the preceding year.

Sebi on Monday approved a new framework for consolidation and reissuance of debt securities as part of its efforts to deepen the corporate bond market.

More than 2,800 fresh foreign portfolio investors (FPIs) registered with capital markets regulator Sebi in the first 10 months of the current fiscal, indicating that India remains an attractive destination.

A vibrant secondary market and higher liquidity will help in development of the corporate bond market and drive economic growth, a Sebi official said.  

Pension fund regulator PFRDA has tweaked investment norms to allow subscribers of National Pension System to change their asset allocation twice in a financial year.

Trading in corporate debt at stock exchanges hit a record Rs 11.70 lakh crore during the first 10 months of the current fiscal.

Government bonds (G-Secs) declined on selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

More than 1,300 new foreign portfolio investors (FPIs) have registered with capital markets regulator Sebi in April-August of 2016-17, showing a sign of their willingness to be part of India's growth story.

Even as the government and the Reserve Bank are working in concert to deepen the corporate bond markets, deputy governor R Gandhi today said we must be "realistic" in our goals and not squeeze out the bank financing in the process.

Market participants and analysts have hailed the Reserve Bank's measures announced today to deepen the corporate bonds market, saying the move will go a long way in developing the nascent debt space.

Reserve Bank on Thursday announced a slew of changes in fixed income and currency markets such as allowing lenders to issue 'masala bonds' and to accept corporate bonds under the liquidity adjustment facility (LAF).

Having already slashed interest rates to below zero and pumped massive amounts of cash into financial markets, it started to directly finance businesses by buying their debt in the bond market.

Taipei: Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said, joining a queue of big global names that have sold billions of dollars on the island`s busy debt market.