by Amruth Sundarkumar | Jun 11, 2021 | India, Investment Grade Bonds
Wipro, an Indian multinational firm, has announced plans for a debut dollar bond sale of $750mn through its subsidiary, Wipro IT Services LLC. Proceeds of the dollar-denominated bonds will be allocated for refinancing current debt, general corporate purposes and other...
by bondevalue | Apr 1, 2021 | High Yield Bonds, India
Indian steel major Tata Steel’s outlook has been changed to stable from negative by Moody’s, affirming its Ba2 corporate family rating. The rating agency cited “a solid recovery in Tata Steel’s operations” in the quarter ended March 31...
by bondevalue | Mar 17, 2021 | India, Investment Grade Bonds
On March 15, Adani Group revealed it has received a Letter of Intent (LOI) from the Ministry of Ports and Shipping of Sri Lanka and the Sri Lanka Ports Authority (SLPA) after the Sri Lankan Cabinet had approved the development of Colombo’s West Container...
by bondevalue | Mar 9, 2021 | India, Investment Grade Bonds
Indian state-owned corporate Indian Railway Finance Corp (IRFC) announced last night that it will be postponing its proposed dollar 5Y/10.5Y bond issuance. As per IFR, the management decided to postpone the issuance on subdued interest from investors and said that it...
by bondevalue | Mar 4, 2021 | India, Investment Grade Bonds
Indian IT major HCL Tech priced its debut dollar bond on Wednesday, raising $500mn via a 5Y bond at a yield of 1.477%, 75bp over Treasuries and 25bp inside initial guidance of T+100bp area. The bonds will be issued by HCL America Inc. and guaranteed by HCL...
by bondevalue | Feb 3, 2021 | High Yield Bonds, India
Vedanta Ltd., the Indian subsidiary of Vedanta Resources Ltd. (VRL) reported consolidated net profits of INR 42bn ($579mn) for the quarter ended December, a 59% rise over the corresponding quarter in the prior year. Revenues were 8% higher in the quarter on favorable...
