Mumbai: Raising money through bonds for corporates is set to turn much cheaper as the government’s decision to announce a lower-than-expected quantum of gross borrowing for FY25 is seen pushing down sovereign bond yields, which determine the cost of borrowing for companies. With the government – typically the largest borrower in the economy – bringing … Read more
Mumbai: Shriram Finance has carried out its largest-ever fund-raising in capital markets by raising $750 million through bonds, marking the resumption of high-yield issuances by Indian corporates. These bonds, with a maturity of 39 months, were priced at 6.625%, lower than the initial guidance of 7%, top management of Shriram Finance and arrangers to the … Read more
Mumbai: Small businesses, caught between late payments and stressful paperwork, will see borrowing costs dip if the Reserve Bank of India (RBI) accepts a suggestion by high-street banks. Banks have asked the regulator to consider lowering the ‘risk weight’ on loans to unrated small and medium enterprises. An overwhelming number of small businesses do not … Read more