Topic
bonds
Finance Bloomberg Launches Electronic Trading System for Indian Government Bonds, Opening Market to Global Investors
Bloomberg has launched a new electronic trading system that allows global investors to buy and sell Indian government bonds more easily, completing its first fully-electronic trade. The system connects foreign portfolio investors to India's official bond platform NDS-OM through the Bloomberg Terminal, replacing manual processes and improving efficiency.
Finance Chinese Investors Review Bond Portfolios as AAA Ratings Face Regulatory Scrutiny
Chinese domestic investors, including mutual funds and banks, are reviewing bond portfolios for downgrade risks after regulators tightened scrutiny of AAA-rated issuers. Over a quarter of China's nearly 6,000 bond issuers hold AAA ratings, compared to fewer than 1% in the US. At least 20 companies have withdrawn ratings, and analysts warn that downgrades could trigger selling and reduce collateral eligibility.
Finance Shapoorji Refinancing Delays Spur Some Bondholders to Seek Exit on Debt
Some bondholders of Shapoorji Pallonji Group are attempting to sell non-convertible debentures of subsidiary Goswami Infratech at about 90% of par amid prolonged refinancing talks. The group has ₹8,343 crore ($884 million) in zero-coupon bonds maturing June 30, which have already been extended once and are now seeking another extension. The development highlights rising stress in India's private credit market, with the yield on the notes climbing to 21.75%.
Business RBI Rejects Treasury Bill Bids, Signals Potential Rate Cut
The Reserve Bank of India (RBI) rejected bids for 182-day and 364-day treasury bills, accepting only 91-day bills at a 5.56% yield. This move suggests the RBI's intent to lower interest rates amid rising short-term yields and a widening spread between treasury bill yields and the policy rate.
Finance India Inc gets new CSR avenue with Zero Coupon Zero Principa
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