Bonds Current Affairs - 2020

Cabinet approves Bharat Bond Exchange Traded Fund

On December 4, 2019, the Cabinet approved the launch of Bharat Bond Exchange Traded Fund (BBETF) in order to allow the investors to buy government debts. The fund will allow easy and low-cost access with the smallest amount of Rs 1000. Highlights The BBETF at its initial stages will hold basket of bonds that are Read More…

AIIB plans to issue first US dollar bonds in June 2018

China-led Asian Infrastructure Investment Bank (AIIB) is planning to issue its first US dollar-denominated bond with minimum worth of $1 billion by June 2018. The earliest issuance window of bond will be toward end of first half of 2018 with time required for certain procedures, including Board of Governors’ approval of AIIB’s 2017 financial statements Read More…

IWAI raises Rs. 660 crore through Bonds

The Inland Waterways Authority of India (IWAI) has raised Rs. 660 crore as Fully Serviced Bonds. The oversubscribed bonds were issued through e-bidding on BSE Portal and the entire amount of Rs.660 crore was raised in single tranche at a coupon rate of 7.47%. Key Facts The proceeds from these bonds will be utilized by Read More…

Four PSBs may struggle to pay AT1 bond coupons

Four public sector banks (PSBs) may struggle to make coupon payments on their additional tier 1 (AT1) bond as they have reported heavy losses due to a surge in bad loans. In this case coupon payment is an annual interest paid on the face value of a bond. It is expressed as a percentage. AT1 Read More…