The largest non-bank lender, IIFL Finance, is using the debt market to raise up to Rs 1,500 crore by selling NCDs, promising investors returns of up to 9%. The Prem Watsa-led Fairfax Holding-backed company said in a statement on Tuesday that the debt raising through a public issue will begin on June 9 and that…
According to market players who spoke with the central bank last week, India’s federal government should limit borrowing in the first half of the upcoming fiscal year to 55% of the objective and increase the proportion of longer-tenor bonds. The Reserve Bank of India, which represents as the government’s debt arranger, met with a select…
By introducing the concept of “blue” and “yellow” bonds as new forms of sustainable finance, markets regulator SEBI enhanced the environment for green bonds on Friday. Water is related to blue bonding. Yellow bonds are related to solar energy, whereas management and marine sector bonds are about. which are green debt securities’ subcategories. According to…
