Rupee-denominated Bonds

Bondholders are piling into rupee-denominated debt whose interest increases every time the notes' credit ratings are downgraded

The rupee declined sharply against the US dollar on Monday, snapping gains registered in past two consecutive sessions. The rupee fell 67 paise to close at 72.51 against the greenback. The decline came after weekend announcement by the government to contain the rupee fall and lower current account deficit failed to bring cheer to the Street. The g...

The company will be taking a call on the new fund raising from January, once the holiday season in the west is over, says Mr Mistry.

Three other Indian companies - National Agri Authority of India, Energy Efficiency Services Ltd and Indian Renewable Energy Development Agency Ltd - are also planning to rise funds through masala bonds in London.

The latest four bonds will provide financing to expand India's highway and rail networks and meet its plans to boost energy efficiency and renewable energy, the government said.

The Reserve Bank on Thursday allowed banks to raise funds by floating rupee-denominated bonds in overseas market as part of an additional avenue to raise long-term funds.

The issue carries a coupon rate of 7.25 per cent per annum payable semi-annually. The bonds will mature on January 9, 2020, said HDFC, the country's largest mortgage lender.

Mortgage lender HDFC today said it will raise up to Rs 500 crore through rupee-denominated bonds from overseas investors.

Bankers are finding new ways to sell India's "masala" bonds by structuring this rupee-denominated debt issued abroad into derivatives, and then sweetening the deal with leveraged returns of 12 to 13 percent after fees and hedging.

Housing finance major HDFC has raised a total of Rs 4,500 crore so far by issuing masala bonds to overseas investors.

Market participants and analysts have hailed measures announced by the Reserve Bank of India on Thursday to deepen the corporate bonds market, saying the move will go a long way in developing the nascent debt space.

RBI will also allow banks to issue rupee-denominated perpetual debt instruments overseas, which would qualify for inclusion as additional Tier 1 and Tier 2 capital.

Issuers of rupee-denominated bonds, also known as masala bonds, will not have to comply with certain rules under the companies law.

Providing clarity to stakeholders, the government on Wednesday said certain provisions under the companies law would not applicable on rupee-denominated bonds or 'masala bonds' that are issued to persons residing outside India.

The first ever rupee-denominated bond in the world by an Indian company was launched today by HDFC Ltd. Termed as 'masala bond', the company's chairman Deepak Parekh launched it in the land of James Bond!

Bondholders are piling into rupee-denominated debt whose interest increases every time the notes' credit ratings are downgraded

The rupee declined sharply against the US dollar on Monday, snapping gains registered in past two consecutive sessions. The rupee fell 67 paise to close at 72.51 against the greenback. The decline came after weekend announcement by the government to contain the rupee fall and lower current account deficit failed to bring cheer to the Street. The g...

The company will be taking a call on the new fund raising from January, once the holiday season in the west is over, says Mr Mistry.

Three other Indian companies - National Agri Authority of India, Energy Efficiency Services Ltd and Indian Renewable Energy Development Agency Ltd - are also planning to rise funds through masala bonds in London.

The latest four bonds will provide financing to expand India's highway and rail networks and meet its plans to boost energy efficiency and renewable energy, the government said.

The Reserve Bank on Thursday allowed banks to raise funds by floating rupee-denominated bonds in overseas market as part of an additional avenue to raise long-term funds.

The issue carries a coupon rate of 7.25 per cent per annum payable semi-annually. The bonds will mature on January 9, 2020, said HDFC, the country's largest mortgage lender.

Mortgage lender HDFC today said it will raise up to Rs 500 crore through rupee-denominated bonds from overseas investors.

Bankers are finding new ways to sell India's "masala" bonds by structuring this rupee-denominated debt issued abroad into derivatives, and then sweetening the deal with leveraged returns of 12 to 13 percent after fees and hedging.

Housing finance major HDFC has raised a total of Rs 4,500 crore so far by issuing masala bonds to overseas investors.

Market participants and analysts have hailed measures announced by the Reserve Bank of India on Thursday to deepen the corporate bonds market, saying the move will go a long way in developing the nascent debt space.

RBI will also allow banks to issue rupee-denominated perpetual debt instruments overseas, which would qualify for inclusion as additional Tier 1 and Tier 2 capital.

Issuers of rupee-denominated bonds, also known as masala bonds, will not have to comply with certain rules under the companies law.

Providing clarity to stakeholders, the government on Wednesday said certain provisions under the companies law would not applicable on rupee-denominated bonds or 'masala bonds' that are issued to persons residing outside India.

The first ever rupee-denominated bond in the world by an Indian company was launched today by HDFC Ltd. Termed as 'masala bond', the company's chairman Deepak Parekh launched it in the land of James Bond!