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Wednesday, 15 August 2018

Krishna Merchant' s stories

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  • Moody’s upgrade boosts Indian bonds

    Emerging Markets | 17 November 2017

    Moody’s surprise upgrade of India’s sovereign rating sent credit spreads tighter on Friday, brightening the outlook for public sector companies preparing to sell dollar bonds.

  • Indian banks capitalise on bailout

    Indian banks capitalise on bailout

    Top News | 10 November 2017

    India’s state-owned banks are rushing out capital raisings in the debt and equity markets, after last month’s surprise government lifeline restored confidence among investors.

  • RCom outlook darkens after coupon miss

    Emerging Markets | 10 November 2017

    Reliance Communications missed a coupon payment last week, dragging offshore bondholders into a debt restructuring that has already hit the company’s onshore lenders.

  • RCom debt plan fails to stop slide

    Emerging Markets | 03 November 2017

    Reliance Communication’s dollar bonds have continued to slide even after the company agreed to a new debt-repayment plan with domestic lenders. The plan includes a pledge to raise up to Rs170bn from the sale of assets such as mobile towers, according to Reuters report.

  • India's Greenko warms to local debt market

    People & Markets | 03 November 2017

    Greenko Group intends to raise at least half of its debt funding in India’s domestic market, after successfully completing its first major onshore bond issue, chief financial officer and director Vasudeva Rao Kaipa told IFR in an interview.

  • Rupee Notes

    India springs recap surprise

    Top News | 27 October 2017

    India is throwing a Rs2.11trn (US$32.4bn) lifeline to its struggling public-sector banks with a two-year recapitalisation plan designed to break the logjam of towering bad debts and weak capital.

  • India's Reliance debt plan in doubt

    People & Markets | 06 October 2017

    Reliance Communications’ move to cut US$3.8bn from its US$7bn debt burden has been thrown off-course due to the cancellation of two deals central to the plan, causing a further sharp slide in its offshore bonds.

  • RBI reversal revives Masala market

    Emerging Markets | 29 September 2017

    The Reserve Bank of India has carved out offshore rupee bonds from its corporate bond quota for foreign investors, allowing inflows into onshore bonds to resume and revive the frozen Masala market.

  • India throws debt lifeline to InvITs

    People & Markets | 22 September 2017

    The Securities and Exchange Board of India has thrown a lifeline to infrastructure investment trusts (InvITs) and real estate investment trusts struggling to raise equity by allowing them to issue debt.

  • India to overhaul rating framework

    People & Markets | 15 September 2017

    India’s market regulator has proposed wide-ranging changes to the governance of rating agencies and more stringent financial disclosure requirements for debt issuers in a bid to make the credit market more transparent.