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Commercial paper News
Commercial paper market returns to life after interest rate cut Companies are thronging to the debt market to raise short-term funds as the market is offering attractive interest rate differential for both issuers and investors. There have been commercial paper issuances to the tune of Rs 7,500 crore after the 50 basis points (bps) rate cut announced in the annual monetary and credit policy on Tuesday. Typically, there are issuances worth Rs 1,500 crore-3,000 crore
Debt funding at 5-yr high as equities dry up
For India Inc, as fund raising through the equity markets hit a rough spot in 2011-12 due to volatile secondary market conditions, debt funding soared to five-year highs. In fact, the percentage of
U.S. money funds seen at risk from Europe's debt storm
Credit growth set to moderate
The Reserve Bank of India (RBI) on Monday said credit expansion of Indian banks would further moderate as growth and inflation ease. The annual rise in bank advances, though slow, was higher than
Top MFIs look at NCDs to raise funds
At a time when the microfinance sector is reeling under a liquidity crisis, top microfinance institutions (MFIs) such as SKS and Bandhan are looking at alternative options like non-convertible
Rate rise factored in, bond yields fall on global cues
The debt market remained largely unaffected by the policy rate increase of 25 basis points on Thursday. Yields on the 10-year benchmark 7.80 per cent government bond eased 10 bps instead, on the Commercial paper Galleries
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