Foreign Bond Sale

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...

In February, Finance Minister Arun Jaitley had budgeted to raise 5.8 trillion rupees ($88.57 billion) in 2017/18 via bond sales.

Reserve Bank of India Governor Raghuram Rajan said the central bank could continue to withdraw liquidity via open market operation bond sales, while saying any hike in foreign debt limits would only come after the Federal Reserve raises US rates.

State Bank of India (SBI) may delay an overseas bond issuance programme worth $1.5 billion due to volatility in foreign market as a result of the Greek debt crisis.

The net sales of around $630 million or Rs 4,032 crore on Wednesday, preliminary data showed, is the biggest since foreign investors sold around $877 million or Rs 5613 crore on Jan. 27 last year, a time of intense worry over higher US interest rates.

After lying low for a while, foreign exchange fund raising by domestic corporates has picked up again with IDBI Bank raising $350 million in an overseas bond sale.

Bharti Airtel on Monday initiated sale of foreign currency bonds, which will be used for repayment and refinancing of existing foreign currency debt, among others.

The country's second largest private lender HDFC Bank today hit the foreign bond market with benchmark US dollar issue as part of the bank's $2 billion medium-term bond sale programme.

British bank RBS said on Tuesday that 2013 is set to top previous year records in terms of foreign debt issuance by Indian firms which have raised $12.5 billion in in the first half, as against $14.5 billion in the whole of last year.

The government denied having ruled out a sovereign bond sale and said "all options are on the table", a statement on Monday said.

The open market operation (OMO) was part of the RBI's three-pronged plan unveiled late on Monday to prop up the rupee that has lost about 10 per cent against the dollar since the start of May.

The RBI will conduct Open Market Sales of bonds of Rs 12,000 crore on Thursday to further suck out liquidity from the system. Bond prices will fall and yields will rise. Higher yields will attract foreign investors in the debt market. FIIs have sold billions of dollars in the debt market ever since Fed Reserve Chairman Ben Bernanke signalled a tape...

The Securities and Exchange Board of India (Sebi) will conduct on Thursday an auction for grant of investment limits to foreign investors in government debt securities worth over Rs 42,000 crore - the biggest sale of G-Secs so far this year.

Rolta India today said its fully-owned subsidiary Rolta LLC raised $200 million through a foreign bond sale at 10.75 per cent coupon to refinance existing debt and meet working capital needs.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget s...

In February, Finance Minister Arun Jaitley had budgeted to raise 5.8 trillion rupees ($88.57 billion) in 2017/18 via bond sales.

Reserve Bank of India Governor Raghuram Rajan said the central bank could continue to withdraw liquidity via open market operation bond sales, while saying any hike in foreign debt limits would only come after the Federal Reserve raises US rates.

State Bank of India (SBI) may delay an overseas bond issuance programme worth $1.5 billion due to volatility in foreign market as a result of the Greek debt crisis.

The net sales of around $630 million or Rs 4,032 crore on Wednesday, preliminary data showed, is the biggest since foreign investors sold around $877 million or Rs 5613 crore on Jan. 27 last year, a time of intense worry over higher US interest rates.

After lying low for a while, foreign exchange fund raising by domestic corporates has picked up again with IDBI Bank raising $350 million in an overseas bond sale.

Bharti Airtel on Monday initiated sale of foreign currency bonds, which will be used for repayment and refinancing of existing foreign currency debt, among others.

The country's second largest private lender HDFC Bank today hit the foreign bond market with benchmark US dollar issue as part of the bank's $2 billion medium-term bond sale programme.

British bank RBS said on Tuesday that 2013 is set to top previous year records in terms of foreign debt issuance by Indian firms which have raised $12.5 billion in in the first half, as against $14.5 billion in the whole of last year.

The government denied having ruled out a sovereign bond sale and said "all options are on the table", a statement on Monday said.

The open market operation (OMO) was part of the RBI's three-pronged plan unveiled late on Monday to prop up the rupee that has lost about 10 per cent against the dollar since the start of May.

The RBI will conduct Open Market Sales of bonds of Rs 12,000 crore on Thursday to further suck out liquidity from the system. Bond prices will fall and yields will rise. Higher yields will attract foreign investors in the debt market. FIIs have sold billions of dollars in the debt market ever since Fed Reserve Chairman Ben Bernanke signalled a tape...

The Securities and Exchange Board of India (Sebi) will conduct on Thursday an auction for grant of investment limits to foreign investors in government debt securities worth over Rs 42,000 crore - the biggest sale of G-Secs so far this year.

Rolta India today said its fully-owned subsidiary Rolta LLC raised $200 million through a foreign bond sale at 10.75 per cent coupon to refinance existing debt and meet working capital needs.