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NSE:YESBANK

9 stories mentioning NSE:YESBANKUpdated 4d ago

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Treasury

Market Chatter: Reliance Industries Plans INR125 Billion Bond Sale

Indian conglomerate Reliance Industries (NSE:RELIANCE) is looking to raise around 125 billion Indian rupees through local-currency bonds in its first such offering since 2023, Bloomberg News reported Tuesday, citing people familiar with the matter.The offering will reportedly feature a base issue size of 100 billion rupees, supplemented by a greenshoe option of 25 billion rupees. The AAA-rated notes will carry a five-year maturity and an annual coupon of 7.47%, with the offering expected to launch as early as next week, the report said.Reliance has tapped Axis Bank (NSE:AXISBANK, BOM:532215), ICICI Bank (NSE:ICICIBANK, BOM:532174), HDFC Bank (NSE:HDFCBANK, BOM:500180) and YES Bank (NSE:YESBANK, BOM:532648) to serve as arrangers for the issuance.None of the involved parties immediately responded to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500180BOM:500325BOM:532174BOM:532215BOM:532648NSE:AXISBANKNSE:HDFCBANKNSE:ICICIBANKNSE:RELIANCENSE:YESBANK
Treasury

Update: India's REC Issues INR5 Billion in Tokenized Corporate Bonds

(Updates to add Taurus Group's statement in 6th paragraph)Indian state-owned power sector financier REC (BOM:532955, NSE:RECLTD) issued 5 billion rupees in tokenized corporate bonds under the Securities and Exchange Board of India's regulatory sandbox framework, according to a Monday exchange filing.The offering received bids worth about 7.96 billion rupees, making it roughly eight times oversubscribed.REC accepted 5 billion rupees at a coupon rate of 7.30% per annum for a tenor of one year and nine months. The bonds were allotted, settled and listed on NSE and BSE on the same day.Top lenders HDFC Bank (NSE:HDFCBANK, BOM:532174) and ICICI Bank (BOM:532174, NSE:ICICIBANK) are among the buyers of REC's tokenized bonds, Bloomberg News reported separately, citing people familiar with the matter.The buyers also included private lenders Axis Bank (NSE:AXISBANK, BOM:532215) and Yes Bank (BOM:532648, NSE:YESBANK), as well as AK Capital Services, ICICI Securities Primary Dealership, Taurus Group and Trust Investment Advisors, according to the report.In a statement to, Taurus Corporate Advisory Services Investment Banking Head Gaurav Kute confirmed the firm's participation, calling the transaction an "important turning point" for India's corporate bond market that will enable faster settlement.The other lenders did not immediately respond to' request for comment.

BOM:500180BOM:532174BOM:532215BOM:532648BOM:532955NSE:AXISBANKNSE:HDFCBANKNSE:ICICIBANKNSE:RECLTDNSE:YESBANK
Treasury

India's REC Issues INR5 Billion in Tokenized Corporate Bonds

Indian state-owned power sector financier REC (BOM:532955, NSE:RECLTD) issued 5 billion rupees in tokenized corporate bonds under the Securities and Exchange Board of India's regulatory sandbox framework, according to a Monday exchange filing.The offering received bids worth about 7.96 billion rupees, making it roughly eight times oversubscribed.REC accepted 5 billion rupees at a coupon rate of 7.30% per annum for a tenor of one year and nine months. The bonds were allotted, settled and listed on NSE and BSE on the same day.Top lenders HDFC Bank (NSE:HDFCBANK, BOM:532174) and ICICI Bank (BOM:532174, NSE:ICICIBANK) are among the buyers of REC's tokenized bonds, Bloomberg News reported separately, citing people familiar with the matter.The buyers also included private lenders Axis Bank (NSE:AXISBANK, BOM:532215) and Yes Bank (BOM:532648, NSE:YESBANK), as well as AK Capital Services, ICICI Securities Primary Dealership, Taurus Group and Trust Investment Advisors, according to the report.The lenders did not immediately respond to' request for comment.

BOM:500180BOM:532174BOM:532215BOM:532648BOM:532955NSE:AXISBANKNSE:HDFCBANKNSE:ICICIBANKNSE:RECLTDNSE:YESBANK
Asia

Yes Bank Faces INR2.81 Billion Bank Guarantee Invocation by Telecom Department

Yes Bank (NSE:YESBANK, BOM:532648) said the Department of Telecommunications (DoT) has invoked bank guarantees totaling 2.81 billion Indian rupees issued by the bank in 2018 on behalf of a borrower undergoing insolvency proceedings.The guarantees secured the borrower's "deferred annual spectrum payment obligations," according to an Indian bourse filing. Yes Bank's claim for the guaranteed amount has already been admitted in the insolvency proceedings and it is evaluating its options with legal advisers.

BOM:532648NSE:YESBANK
Asia

Market Chatter: HDFC Bank, Four Other Indian Lenders Weigh Up to $3 Billion Fundraising

HDFC Bank (NSE:HDFCBANK) and four other Indian private lenders are considering raising up to $3 billion through dollar bonds or loans, Bloomberg reported Tuesday, citing people familiar with the matter.HDFC Bank is weighing a dollar bond of up to $1 billion, potentially in the coming weeks, the report said. Federal Bank (NSE:FEDERALBNK, BOM:500469), Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247), RBL Bank (NSE:RBLBANK, BOM:540065) and Yes Bank (NSE:YESBANK, BOM:532648) are separately planning to raise $250 million to $500 million each, according to the report.The lenders are seeking to tap a Reserve Bank of India facility that offers a fixed annual foreign-exchange swap rate of 1.5% for overseas borrowings with an average maturity of at least three years, Bloomberg noted. The facility is aimed at supporting capital inflows and reducing hedging costs.HDFC Bank last raised $750 million through a five-year dollar bond in June, according to Bloomberg.HDFC Bank, Federal Bank, Kotak Mahindra Bank, RBL Bank and Yes Bank did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500180BOM:500247BOM:500469BOM:532648BOM:540065NSE:FEDERALBNKNSE:HDFCBANKNSE:KOTAKBANKNSE:RBLBANKNSE:YESBANK
Asia

Nomura Adjusts Yes Bank's Price Target to INR23 From INR21, Keeps at Neutral

Yes Bank (NSE:YESBANK, BOM:532648) has an average rating of underweight and mean price target of 21.83 Indian rupees, according to analysts polled by FactSet.

BOM:532648NSE:YESBANK
Asia

Market Chatter: Sumitomo Mitsui Financial Eyes India Reset Through Yes Bank

Sumitomo Mitsui Financial Group (TYO:8316) is reviewing its India operations to streamline its presence and may shift most business through Yes Bank (BOM:532648, NSE:YESBANK), Bloomberg News reported Friday, citing people with knowledge of the matter.The Japanese lender, amid regulatory shifts, may raise its stake in Yes Bank from 25%, the report said.Raising its stake past 26% would force a mandatory open offer for Yes Bank, though discussions remain preliminary and no final decisions have been made, the publication said.Sumitomo Mitsui Financial and Yes Bank did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:532648NSE:YESBANKTYO:8316
Asia

Market Chatter: Indian Banks Raise NRI Deposit Rates to Attract Inflows

Indian banks have raised interest rates on foreign currency non-resident bank deposits following recent regulatory changes by the Reserve Bank of India to attract overseas capital, Bloomberg reported on Wednesday.According to the report, Yes Bank (NSE:YESBANK, BOM:532648) and AU Small Finance Bank (NSE:AUBANK, BOM:540611) are offering rates of up to 7.1% to non-residents on five-year deposits.State Bank of India (NSE:SBIN, BOM:500112) and HDFC Bank (NSE:HDFCBANK, BOM:500180) are offering as much as 6% for the same tenure.The move follows measures announced by the central bank last week that give banks greater flexibility to offer higher rates on foreign-currency deposits as policymakers seek to attract foreign inflows and support the rupee, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50BOM:500112BOM:500180BOM:532648BOM:540611NSE:AUBANKNSE:HDFCBANKNSE:SBINNSE:YESBANK
Asia

Yes Bank's Consolidated Profit Increases in Fiscal Q4

Yes Bank's (NSE:YESBANK, BOM:532648) consolidated net profit grew to 10.8 billion Indian rupees in the fiscal fourth quarter ended March 31 from 7.45 billion rupees a year ago.Earnings per share came in at 0.34 rupees, up from 0.24 rupees a year earlier, the bank said in a Saturday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 edged up to 76.6 billion rupees from 76.2 billion rupees a year ago.

BOM:532648NSE:YESBANK

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