Halister News

(Bloomberg) -- Rolta seeks to swap defaulted bonds into new five-year notes; RBI to hold INR205b 14-day term repo auction.

• RBI to auction INR165b of state govt bonds
• Moody’s rates Greenko’s planned $950m 7Y bonds provisional Ba2
  • S&P revises its outlook on Greenko to stable from positive
• Trading halts, confusion from India to Indonesia on manic Monday
  • Sensex advances to record as rival index suffers outage
• Manulife Asset likes Indonesia, India bonds and Chinese equities
• Global funds add to Korean, Indian, Indonesian bond holdings
• Govt increases import duty on sugar to 50%
• Treasuries lacked direction in muted session which saw futures volumes trade significantly below recent averages despite flurry of 10Y block activity in morning
  • 10Y yield +1bp to 2.38% as of 7:18am in Mumbai
• S&P 500 futures little changed at 2,425.25; cash closed +0.1% to 2,427.43

BONDS

• NEW DEALS: Can Fin Homes plans INR4b bonds by month-end
• PRICED: Nabard INR20b 3Y 3-month 6.98%
• Care says no confirmation on payment of bonds by Appu Hotels
• Reliance Communications USD 2020 notes rise 1.4 points to 73.6
• India Bond Pipeline
• India Ratings

INDIA MARKETS

• Yield on India’s 6.79% May 2027 bond -6bps to 6.47%; benchmark 10Y YTD range 6.37%-6.99%
• Yield on 5Y AAA INR corporate notes -6bps to 7.43%; YTD range 7.29%-7.81%
• JPMorgan India USD bond index -3bps to 4.30%; YTD range 4.19%-4.58%
• INR +0.1% to 64.5375/USD; 1-mo. USD/INR NDF 64.78; 3-mo. USD/INR NDF 65.21
• 1Y INR swap rate at 6.2250%; 5Y MIFOR 6.51%; call money rate 6.25%
• CNX Nifty Index futures +0.3% to 9,798 as of 9:47am in Singapore; cash 1.1% to 9,771.05; BSE Sensex +1.1% to 31,715.64

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net To contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net Chan Tien Hin