
SBI raises ₹10,000 crore via infra bonds; stock falls
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
"It is a welcome development showing confidence in the Indian economy," says Ajay Seth, secretary, department of economic affairs (DEA).
The current regulatory framework for surety bonds presents the general insurance industry with a unique opportunity to diversify their portfolio, says IRDAI chairman.
Pricier overseas borrowing, higher bank loan rates and large issuances triggered the demand for corporate bonds.
The private lender proposes to raise funds by issuing debt securities over the period of next twelve months.
In February this year, HDFC raised ₹25,000 crore through bonds, which is touted to be the country's largest-ever rupee bond issuance.
Failure of SVB a curtain raiser to the pain that banks face in the event of a liquidity crisis.
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
The PSU bank to raise up to ₹1,500 crore this fiscal, with a base issue size of ₹500 crore and a green shoe option of up to ₹1,000 crore.
The private lender plans to raise funds by issuing unsecured, rated, listed, subordinated, taxable, non-convertible, Basel III compliant Tier II bonds