India: emissioni obbligazionarie
The Indian debt market while composed of bonds, both government and corporate, is dominated by the government bonds. The central government bonds are the predominant and most liquid component of the bond market. Despite the increased volumes, the number of participants is limited to about two dozen active players. Since a majority of the participants are triple A-rated and 80 per cent of the trade is direct, there exist minimal settlement risks.
Since liberalization of Indian capital market many Indian companies have tapped international market and have raised both debt i.e, Eurobonds, foreign bonds, as well as quasi debt instruments like FCCBs ( Foreign Currency Convertible Bonds). Many of these bonds and international debts are also issued with varying features like FRNs (Floating Rate Notes).
- There are different types of bond market in India
- • Corporate Bond Market
- • Municipal Bond Market
- • Government and Agency Bond Market
- • Funding Bond Market
- • Mortgage Backed and Collateral Debt Obligation Bond Market
Emissioni di obbligazioni in corso
| Valuta | Emissioni di obbligazioni in corso | Volume complessivo |
|---|---|---|
| sovrano | ||
| INR | 199 | 58 757 321 090 000 |
| municipale | ||
| INR | 380 | 4 838 131 968 020 |
| HKD | 1 | 25 000 000 000 |
| corporate | ||
| INR | 5260 | 15 252 868 320 930 |
| USD | 138 | 64 613 280 000 |
| EUR | 4 | 1 775 000 000 |
| SGD | 4 | 630 000 000 |
| CHF | 3 | 650 000 000 |
| CNY | 2 | 1 200 000 000 |
| GBP | 1 | 50 000 000 |
| AUD | 1 | 164 500 000 |
| JPY | 1 | 20 000 000 000 |
Ultime emissioni obbligazionarie
| Emissione | ISIN | Cedola | volume | termine del collocamento | data di scadenza |
|---|---|---|---|---|---|
| India, TB 18jul2019 3m - Obbligazioni domestiche | IN002019X037 | 0% | 90 000 000 000 INR | 16/04/2019 | 18/07/2019 |
| India, TB 17oct2019 6m - Obbligazioni domestiche | IN002019Y035 | 0% | 70 000 000 000 INR | 16/04/2019 | 17/10/2019 |
| India, TB 16apr2020 12m - Obbligazioni domestiche | IN002019Z032 | 0% | 40 000 000 000 INR | 16/04/2019 | 16/04/2020 |
| Shriram Transport Finance, 5.95% 24oct2022, USD - Obbligazioni internazionali | USY7758EEC13 | 5.95% | 500 000 000 USD | 15/04/2019 | 24/10/2022 |
| Vedanta, 8% 23apr2023, USD - Obbligazioni internazionali | USG9T27HAB07 | 8% | 400 000 000 USD | 11/04/2019 | 23/04/2023 |
| Vedanta, 9.25% 23apr2026, USD - Obbligazioni internazionali | USG9T27HAA24 | 9.25% | 600 000 000 USD | 11/04/2019 | 23/04/2026 |
| JSW Steel, 5.95% 18apr2024, USD - Obbligazioni internazionali | XS1981202861 | 5.95% | 500 000 000 USD | 10/04/2019 | 18/04/2024 |
| India, TB 11jul2019 3m - Obbligazioni domestiche | IN002019X029 | 0% | 90 000 000 000 INR | 10/04/2019 | 11/07/2019 |
| India, TB 10oct2019 6m - Obbligazioni domestiche | IN002019Y027 | 0% | 70 000 000 000 INR | 10/04/2019 | 10/10/2019 |
| India, TB 9apr2020 12m - Obbligazioni domestiche | IN002019Z024 | 0% | 40 000 000 000 INR | 10/04/2019 | 09/04/2020 |
Credit Default Swaps (CDS)
Indici giornalieri
| Tipo: | 19/04/2019 | 18/04/2019 | 17/04/2019 | 16/04/2019 | 15/04/2019 | 12/04/2019 | 11/04/2019 | ||
|---|---|---|---|---|---|---|---|---|---|
| CDS 5Y | |||||||||
| [23551] | CDS India 5Y | 81.5400 | 81.5600 | 81.7300 | 81.8900 | 82.0900 | 82.2400 | 82.0600 | |
| CDS India (Interactive Data) | |||||||||
| [13591] | CDS 6M India | 13.6300 | 13.6400 | 13.6700 | 13.6500 | 13.6800 | 13.7900 | 13.7600 | |
| [13653] | CDS 1Y India | 18.6600 | 18.6800 | 18.7200 | 18.7000 | 18.7200 | 18.8600 | 18.8100 | |
| [13715] | CDS 2Y India | 32.6700 | 32.6900 | 32.7700 | 32.8200 | 32.8700 | 33.1000 | 33.0100 | |
| [13777] | CDS 3Y India | 48.7200 | 48.7400 | 48.8400 | 48.9200 | 49.0200 | 49.3200 | 49.1900 | |
| [13839] | CDS 4Y India | 65.0200 | 65.0500 | 65.1800 | 65.3100 | 65.4600 | 65.7400 | 65.5800 | |
| [13901] | CDS 5Y India | 81.5400 | 81.5600 | 81.7300 | 81.8900 | 82.0900 | 82.2400 | 82.0600 | |
| [13963] | CDS 7Y India | 114.2700 | 114.4200 | 114.7200 | 114.7200 | 114.9400 | 115.2400 | 115.0200 | |
| [14025] | CDS 10Y India | 151.6400 | 151.8600 | 152.3300 | 152.3500 | 152.6200 | 152.9800 | 152.7600 | |
| [14087] | CDS 15Y India | 184.3700 | 184.6700 | 185.3500 | 185.3200 | 185.5800 | 185.9100 | 185.7300 | |
| [14149] | CDS 20Y India | 200.3000 | 200.6300 | 201.4000 | 201.3900 | 201.6800 | 201.9700 | 201.8200 | |
| [14211] | CDS 30Y India | 213.2000 | 213.4600 | 214.2200 | 214.2400 | 214.5400 | 214.9200 | 214.8000 | |
| mostra altri indici | |||||||||
Borse (Mondiali)
Indici giornalieri
| Tipo: | 18/04/2019 | 16/04/2019 | 15/04/2019 | 12/04/2019 | 11/04/2019 | 10/04/2019 | 09/04/2019 | ||
|---|---|---|---|---|---|---|---|---|---|
| Borse (Asia) | |||||||||
| [367] | BSE Sensex | 39 140.28 | 39 275.64 | 38 905.84 | 38 767.11 | 38 607.01 | 38 585.35 | 38 939.22 | |
| mostra altri indici | |||||||||
BIS
Indici trimestrali
| Tipo: | III 2018 | II 2018 | I 2018 | IV 2017 | III 2017 | II 2017 | I 2017 | ||
|---|---|---|---|---|---|---|---|---|---|
| BIS international bonds outstanding volume | |||||||||
| [10327] | Indian international bonds, USD bln | 42.600 | 42.800 | 45.000 | 42.000 | 39.300 | 38.200 | 36.900 | |
| BIS new international bonds volume | |||||||||
| [10561] | International-bond net issue of India, USD bln | 0.200 | -1.000 | 3.000 | 2.600 | 1.000 | 1.300 | 1.900 | |
GDP
Indici annuali
| Tipo: | 2017 | 2016 | 2015 | 2014 | ||
|---|---|---|---|---|---|---|
| Government debt-to-GDP (Asia, excl. Japan) | ||||||
| [15227] | Government Debt to GDP(India) | 68.70 | 69.50 | 69.00 | 68.30 | |
International bonds outstanding volume
Indici mensili
| Tipo: | Mar 2019 | Feb 2019 | Jan 2019 | Dec 2018 | Nov 2018 | Oct 2018 | Sep 2018 | ||
|---|---|---|---|---|---|---|---|---|---|
| Asia international bonds outstanding volume | |||||||||
| [21647] | India international bonds, USD bln | 67.647 | 64.974 | 65.113 | 64.016 | 65.121 | 64.620 | 66.412 | |
| [21685] | India corporate international bonds, USD bln | 67.647 | 64.974 | 65.113 | 64.016 | 65.121 | 64.620 | 66.412 | |
| [21723] | India sovereign international bonds, USD bln | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| mostra altri indici | |||||||||
Inflation
Indici mensili
| Tipo: | Oct 2018 | Sep 2018 | Aug 2018 | Jul 2018 | Jun 2018 | May 2018 | Apr 2018 | ||
|---|---|---|---|---|---|---|---|---|---|
| Inflation (Asia, excl. Japan) | |||||||||
| [15575] | Inflation Rate (India) | 3.31 | 3.77 | 3.69 | 4.17 | 5.00 | 4.87 | 4.58 | |
| mostra altri indici | |||||||||
Stock exchanges and market participants indices (archive)
Indici giornalieri
| Tipo: | 20/08/2013 | 19/08/2013 | 16/08/2013 | 15/08/2013 | 14/08/2013 | 13/08/2013 | 12/08/2013 | ||
|---|---|---|---|---|---|---|---|---|---|
| JP Morgan | |||||||||
| [3293] | ELMI India | 245.74 | 248.05 | 252.94 | 254.19 | 254.19 | 255.46 | 255.26 | |
| mostra altri indici | |||||||||
Default probability (based on CDS)
Indici giornalieri
| Tipo: | 19/04/2019 | 18/04/2019 | 17/04/2019 | 16/04/2019 | 15/04/2019 | 12/04/2019 | 11/04/2019 | ||
|---|---|---|---|---|---|---|---|---|---|
| Default Probability India (Interactive Data) | |||||||||
| [20339] | 6M Default Probability India | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1300 | 0.1300 | 0.1300 | |
| [20401] | 1Y Default Probability India | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | 0.3000 | |
| [20463] | 2Y Default Probability India | 0.9600 | 0.9600 | 0.9700 | 0.9700 | 0.9700 | 0.9800 | 0.9800 | |
| [20525] | 3Y Default Probability India | 2.0900 | 2.0900 | 2.1000 | 2.1100 | 2.1100 | 2.1300 | 2.1300 | |
| [20587] | 4Y Default Probability India | 3.6700 | 3.6700 | 3.6800 | 3.6900 | 3.7000 | 3.7300 | 3.7200 | |
| [20649] | 5Y Default Probability India | 5.7000 | 5.7000 | 5.7200 | 5.7300 | 5.7500 | 5.7600 | 5.7500 | |
| [20711] | 7Y Default Probability India | 10.9600 | 10.9800 | 11.0200 | 11.0200 | 11.0400 | 11.0800 | 11.0600 | |
| [20773] | 10Y Default Probability India | 20.1100 | 20.1400 | 20.2200 | 20.2200 | 20.2500 | 20.3100 | 20.2700 | |
| [20835] | 15Y Default Probability India | 34.2700 | 34.3300 | 34.4700 | 34.4700 | 34.4800 | 34.5500 | 34.5000 | |
| [20897] | 20Y Default Probability India | 46.1200 | 46.1800 | 46.3700 | 46.3600 | 46.3800 | 46.4500 | 46.3900 | |
| [20959] | 30Y Default Probability India | 63.3600 | 63.4100 | 63.6000 | 63.6100 | 63.6100 | 63.7100 | 63.6500 | |
| mostra altri indici | |||||||||
New international bonds volume
Indici annuali
| Tipo: | 2018 | 2017 | 2016 | 2015 | 2014 | ||
|---|---|---|---|---|---|---|---|
| Asia new international bonds volume | |||||||
| [19455] | Annual new issues of India sovereign international bonds, USD bln | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| [19493] | Annual new issues of India corporate international bonds, USD bln | 6.384 | 13.059 | 7.965 | 8.030 | 18.551 | |
| [19531] | Annual new issues of India corporate international bonds, (financial sector) USD bln | 3.246 | 2.571 | 3.509 | 2.633 | 6.239 | |
| [19569] | Annual new issues of India corporate international bonds, (non-financial sector) USD bln | 3.138 | 10.488 | 4.457 | 5.397 | 12.312 | |
Quotazioni
| obbligazione | importo dell' emissione | data di scadenza | prezzi denaro | prezzi lettera | ||||
|---|---|---|---|---|---|---|---|---|
| data | prezzo denaro | rendimento | data | prezzo lettera | rendimento | |||
| Adani Ports and Special Economic Zone, 3.5% 2020, USD | USD | 29/07/2020 | 19/04/2019 | **.** | *.** | 19/04/2019 | ***.** | *.** |
| Bank of India, 3.125% 6may2020, USD | USD | 06/05/2020 | 19/04/2019 | **.*** | *.** | 19/04/2019 | **.*** | *.** |
| Bharat Petroleum, 4% 8may2025, USD | USD | 08/05/2025 | 19/04/2019 | **.** | *.** | 19/04/2019 | ***.** | *.** |
| Bharti Airtel, 3.375% 20may2021, EUR | EUR | 20/05/2021 | 19/04/2019 | ***.*** | *.* | 19/04/2019 | ***.* | *.** |
| ECL Finance, 9.05% 28dec2019, INR | INR | 28/12/2019 | 19/04/2019 | **.*** | *.** | 19/04/2019 | ***.*** | *.** |
| Export-Import Bank of India, 0.97% 26nov2024, JPY | JPY | 26/11/2024 | 19/04/2019 | ***.**** | *.** | 19/04/2019 | ***.**** | *.** |
| Export-Import Bank of India, 4.65% 14aug2020, CNY | CNY | 14/08/2020 | 19/04/2019 | ***.*** | *.** | 19/04/2019 | ***.** | *.* |
| Global Cloud Xchange, 7% 1aug2019, USD | USD | 01/08/2019 | 19/04/2019 | **.** | **.** | 19/04/2019 | **.** | **.** |
| GTL infrastructure, 6.731% 26oct2022, USD | USD | 26/10/2022 | 19/04/2019 | *.* | ***.** | 19/04/2019 | **.* | ***.** |
| ICICI Bank, 7.0% 23nov2020, USD | USD | 23/11/2020 | 19/04/2019 | ***.*** | *.** | 19/04/2019 | ***.*** | *.** |
| IL&FS Transportation Networks (INTL), 7.5% 18jan2021, CNY | CNY | 18/01/2021 | 19/04/2019 | **.*** | **.** | 19/04/2019 | **.*** | **.** |
| Indiabulls Housing Finance, 8.567% 15oct2019, INR | INR | 15/10/2019 | 19/04/2019 | **.*** | **.* | 19/04/2019 | **.*** | **.** |
| Indian Oil Corporation, 4.10% 15oct2022, SGD | SGD | 15/10/2022 | 19/04/2019 | ***.**** | *.** | 19/04/2019 | ***.**** | *.** |
| Indian Oil Corporation, 5.625% 2aug2021, USD | USD | 02/08/2021 | 19/04/2019 | ***.** | *.** | 19/04/2019 | ***.** | *.** |
| Larsen & Toubro, 0.675% 2019, USD (Conv.) | USD | 22/10/2019 | 19/04/2019 | **.** | *.** | 19/04/2019 | ***.** | -*.** |
| Oil and Natural Gas Corporation (ONGC), 2.75% 15jul2021, EUR | EUR | 15/07/2021 | 19/04/2019 | ***.*** | *.** | 19/04/2019 | ***.** | *.** |
| Sintex Industries, 7% 25may2022, USD (Conv.) | USD | 25/05/2022 | 19/04/2019 | ** | *.* | 19/04/2019 | ** | *.** |
| Suzlon Energy, 3.25% 16jul2019, USD (Conv.) | USD | 16/07/2019 | 19/04/2019 | **.**** | ***.** | 19/04/2019 | **.**** | **.** |
| Tata Motors, 5.75% 30oct2024, USD | USD | 30/10/2024 | 19/04/2019 | **.** | *.** | 19/04/2019 | **.** | *.** |
| * | ||||||||
