Trust Investment Advisors helped issuers across the credit spectrum raise funds in a busy year for the rupee debt capital markets following the Reserve Bank of India’s demonetisation exercise. Trust helped India’s largest state government shore up the finances of its overstretched power companies.
Mahindra and Mahindra Financial Services is planning to raise up to Rs 2,000 crore through non-convertible debentures (NCDs). Its public issue of NCDs with coupon rates ranging from 7.75% to 8.05% opens on July 10, and closes on July 28. The NCDs are being offered under three different series.
The Reserve Bank of India’s (RBI) surprise move to raise the interest rate it uses to drain excess funds from lenders is being seen as a sign of things to come. The commentary accompanying Thursday’s decision by a panel led by RBI governor Urjit Patel indicates that policy makers are turning increasingly hawkish.
Uttar Pradesh Power (UPPCL) raised 65.1 billion rupees ($970 million) from state government-guaranteed rupee bonds, using an account at the Reserve Bank of India as a backstop to provide investors more security than previous prints. UPPCL is the holding company for the state's five power distribution companies, known as discoms.
Economic Times Mumbai: Prime Minister Modi's pet energy game changer, the state-owned Energy Efficiency Services (EESL), is likely to raise Rs 10,000 crore in a bond sale that could open yet another door for yield hungry investors over two years.
Economic Times Edelweiss Financial Services, A K Capital Services, ICICI Bank, SBI Capital Markets, Trust Investment Advisors, Yes Securities, Axis Bank, IndusInd Bank and IIFL Holdings are the lead managers to the issue.
29/08/2016 Economic Times : NEW DELHI: Mortgage lender Dewan Housing Finance Corporation's issue of non-convertible debentures worth up to Rs 10,000 crore was fully subscribed today, on the first day of the issue itself.
MUMBAI: Wealthy investors, nervous about soaring stock prices, are turning to bond products tailor made for them.
The NCDs proposed to be issued under this Tranche 1 Issue have been rated ‘IND AAA’ by India Ratings and Research and ‘CARE AAA’ by Credit Analysis & Research Ltd.
IFR: What about appetite for high-yield from India?
Vikas Halan, Moody’s: One of the issues for high-yield issuers is the all-in cost ceiling, meaning they have to borrow within the 500bp limit set by RBI.
Nipa and Utpal Sheth, now a husband-wife business team, have been selling debt offerings so well for nearly two decades that they can be anointed brand ambassadors of the Indian bond market. The couple struck their first deal in 1996, while studying for their CFA.
Trust Investment Advisors was at the centre of efforts to develop the rupee debt market in 2014, using its solid relationships to broaden the investor base for new structures in the bank capital and property sectors.
MUMBAI: Seldom do men and women in the bond market make it to front pages for the right reasons. Occasionally, news of an obscene bonus payout receives flitting attention.
KOLKATA: Infrastructure Development Finance Company (IDFC) plans to raise 250-crore long-term capital as it has no time left for mobilising more funds through tax-saving retail bonds.
Most investors are familiar with equity portfolio management service (PMS) .