Offshore Bonds

TML Holdings (TMLH), the fully owned subsidiary of home-grown automaker Tata Motors has announced raising $425 million (over Rs. 3,100 crore) through unsecured offshore bonds at a rate of 4.35 per cent.

Tata Motors confirmed the fund raising and said it will use $318 million of proceeds to refinance existing loans and the rest for corporate expenses.

The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet been received by prospective investors, according to people familiar with the matter

The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.

In 2019-20 Budget announcement, Finance Minister had announced the proposal to issue offshore sovereign bonds, starting from the current fiscal year.

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...

Finance Minister Nirmala Sitharaman announced the offshore bond sale plan in the annual budget, amid shrinking options to raise funds to boost spending on infrastructure.

With two companies raising Rs 5,000 crore via offshore masala bonds last month, global ratings agency Fitch has said it will help diversify funding for India Inc, especially non-banking finance companies (NBFCs).

Adani Transmission Ltd (ATL) has plans to raise Rs 500 crore through offshore rupee-denominated Masala bonds.

Offshore investment stayed on an upward trajectory in select emerging markets like India and Indonesia, which attracted weekly inflows of $313 million and $234 million respectively, global financial services major HSBC has said in a report.

The Reserve Bank of India said on Wednesday it would lower the minimum maturity period for rupee debt issued abroad by domestic companies to three years from five years, in line with foreign investment in corporate bonds.

Bullish on India's growth prospects, the International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.

Railways is scouting for new ways to generate funding including through offshore rupee bonds as part of its ambitious Rs 1.21 lakh crore capital expenditure plan for 2016-17.

British Columbia, the 15th-largest metropolitan region in Canada, will issue $150-million rupee-denominated bonds, also known as masala bonds, in the first quarter of the next calendar year.

IFC, a member of the World Bank Group, has issued rupee-denominated bonds worth Rs 170 crore (about $25 million) as support to Indian companies which are preparing to issue such bonds, also known as 'masala bonds', in offshore markets.

TML Holdings (TMLH), the fully owned subsidiary of home-grown automaker Tata Motors has announced raising $425 million (over Rs. 3,100 crore) through unsecured offshore bonds at a rate of 4.35 per cent.

Tata Motors confirmed the fund raising and said it will use $318 million of proceeds to refinance existing loans and the rest for corporate expenses.

The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet been received by prospective investors, according to people familiar with the matter

The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.

In 2019-20 Budget announcement, Finance Minister had announced the proposal to issue offshore sovereign bonds, starting from the current fiscal year.

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...

Finance Minister Nirmala Sitharaman announced the offshore bond sale plan in the annual budget, amid shrinking options to raise funds to boost spending on infrastructure.

With two companies raising Rs 5,000 crore via offshore masala bonds last month, global ratings agency Fitch has said it will help diversify funding for India Inc, especially non-banking finance companies (NBFCs).

Adani Transmission Ltd (ATL) has plans to raise Rs 500 crore through offshore rupee-denominated Masala bonds.

Offshore investment stayed on an upward trajectory in select emerging markets like India and Indonesia, which attracted weekly inflows of $313 million and $234 million respectively, global financial services major HSBC has said in a report.

The Reserve Bank of India said on Wednesday it would lower the minimum maturity period for rupee debt issued abroad by domestic companies to three years from five years, in line with foreign investment in corporate bonds.

Bullish on India's growth prospects, the International Finance Corporation (IFC) has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.

Railways is scouting for new ways to generate funding including through offshore rupee bonds as part of its ambitious Rs 1.21 lakh crore capital expenditure plan for 2016-17.

British Columbia, the 15th-largest metropolitan region in Canada, will issue $150-million rupee-denominated bonds, also known as masala bonds, in the first quarter of the next calendar year.

IFC, a member of the World Bank Group, has issued rupee-denominated bonds worth Rs 170 crore (about $25 million) as support to Indian companies which are preparing to issue such bonds, also known as 'masala bonds', in offshore markets.