bonds
Indian corporate issued bonds worth Rs 31,521.83 crore in the July-August period, up 50.23 percent year-on-year, provisional data from Prime Database showed. The top issuer in August was Housing Development and Finance Corporation (HDFC), which raised Rs 2,450 crore. In July, the top issuer was Power Finance Corporation, which raised Rs 4,335 crore. Infrastructure bonds [...] Continue Reading »
The National Housing Bank (NHB) has decided for the premature closure of its second tranche of public issue of tax-free bonds, this issue opened on March 7 and was planned to close on March 18. NHB got bids for Rs 1,252 crore in all four categories on the first day. The second installment of the [...] Continue Reading »
The investors’ demand for non-convertible debentures (NCDs) remains high as s companies offer high coupon rates. In 2013-14, around Rs 33,842 crore have been raised by companies through NCDs and tax-free bonds, almost twice the amount of Rs 16,982 crore companies raised in 2012-13. In the current year, tax-free bonds have been high in demand [...] Continue Reading »
