infrastructure bonds
It is a good news for the people who have bigger dreams, but aren’t able to fulfil the same, because of the funds available. Reserve Bank of India has some good news for the low cost housing plans. They have extended the limit to 10 lakhs for individuals against the issuance of Infrastructure Bonds which [...] Continue Reading »
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 »
ICICI Bank Ltd’s sale of 10-year infrastructure bonds worth about Rs 3,900 crore that insurers and pension and mutual funds (MFs) rushed to buy on Tuesday is likely to open the floodgates for banks trying to raise money to finance high-cost and long-gestation projects such as roads, ports and power plants. At least five other [...] Continue Reading »
Post the Modinomics wave, there is a positive sentiment in all the sectors including the insurance sector. The Life insurance companies are awaiting a nod from the Insurance Regulatory Development Authority (IRDA) to invest in the infrastructure bonds issued by the banks. Currently, the infrastructure bonds have not been given the ‘infra’ status by IRDA and [...] Continue Reading »
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
The government wants to give a thrust to the nascent municipal bonds market. It has identified it as one of the ways to raise finances for infrastructure, including creation of 100 smart cities proposed in the FY15 budget. A government official mentioned that the government has options like PPP (Public- Private Partnership), infrastructure bonds, etc. [...] Continue Reading »
