Market News: SBI Cards raises Rs. 500 crores

Bonds Market – Market News:

Market NewsSBI Cards raises Rs. 500 crores by issuing bonds

On a private placement basis, the SBI Cards business has raised around Rs. 500 crores through the issuance of Bonds. However, the firm received approvals from the stakeholders’ relationship and customer experience committee of the firm. It plans to allot 5,000 fixed rates redeemable NCDs of a face value of Rs. 10 lakhs each.

Further, the tenure of the issue was fixed for 3 years from the date of allotment, and the fund mature on 16th August 2024.

HDFC Bank:

On Monday, HDFC bank said that it plans to raise capital by AT-1 bonds in the overseas market. The main objective of the issue is to increase business growth. However, the bank may raise $1 billion from these dollar-denominated bonds.


Gold Market:

On Wednesday, there is a small change in gold prices. As of the source, Gold futures on MCX raised Rs. 98 around 0.21% at Rs. 47,378 per 10 grams. On the other hand, Silver futures up Rs. 215 nearly 0.34% at Rs. 63,441 per kg.

Global Markets:

Today, the dollar price hits a nine-month high against the euro. US gold futures leveled at $1,787.20. While Silver gained 0.10% to $23.65 per ounce. Moreover, Platinum and Palladium raised 0.20% to $999.53 and 1.10% to $2,516.22, respectively.

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