Bond: GK, Current Affairs, Questions, Trivia and News

SEBI’s norm for issuers of municipal bonds

On 12 Nov, the Securities and Exchange Board of India (Sebi) prescribed wider disclosures and compliances norms by the issuers of listed municipal bonds. As per the SEBI norms, listed entities should submit half-yearly unaudited financial results to the stock exchanges within 45 days of the end of the first half of the year and ..

Government announces sale of Sovereign Gold Bond

The government has approved the issue of Sovereign Gold Bonds 2019-20 (Series III) at Rs 3,499 per gram of gold. Sovereign Gold Bonds Sovereign Gold Bonds are government securities denominated in grams of gold. They were introduced as substitutes for holding physical gold. The bonds will be restricted for sale to resident individuals, HUFs, trusts, ..

Kerala becomes first Indian state to list Masala Bond in overseas market

On May 17, Kerala became the first sub-sovereign entity in the country to access the international market by listing masala bonds issued through its off-budget mechanism – the Kerala Infrastructure Investment Fund Board (KIIFB). Chief Minister Pinarayi Vijayan has become the debutant head of state in the country to open trading at the London Stock ..

Ruskin Bond authors book “Coming Round Mountain”

The book titled “Coming Round the Mountain”, will be released officially by India’s beloved children’s author Ruskin Bond on his 85th birthday on 19th May 2019 at Cambridge bookstores in Mussourie. The book is the third installment of Bond’s award-winning memoir series for children that includes “Looking for the Rainbow” and “Till the Clouds Roll ..

RBI decides to inject liquidity via forex swaps

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for tenor of 3 years on March 26 to inject rupee liquidity for longer duration. ..

Pakistan approves issuance of ‘Panda bond’

The Pakistan Cabinet has recently approved the issuance of first-ever Chinese renminbi-denominated bonds to raise loans from China’s capital markets. The Panda bonds will be denominated in Chinese yuan. It is expected that the possible transaction size of bonds will be equivalent to $500 million in two different tranches. They will help the government diversify ..

RBI permits banks to provide PCE to NBFC bonds

The Reserve Bank of India (RBI) has recently permitted banks to grant Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important non-deposit taking Non-Banking Financial Companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs) registered with National Housing Bank. The move is aimed at enhancing ..

Seychelles launchs world’s first Sovereign Blue Bond

The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US$5m guarantee from the ..