FAQ

Follow Cbonds

Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

India: bonds

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
  1. • Corporate Bond Market
  2. • Municipal Bond Market
  3. • Government and Agency Bond Market
  4. • Funding Bond Market
  5. • Mortgage Backed and Collateral Debt Obligation Bond Market

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
INR 196 56 937 321 090 000
municipal
INR 385 4 916 455 468 020
HKD 1 25 000 000 000
corporate
INR 5650 15 896 988 974 260
USD 128 60 684 744 000
SGD 4 630 000 000
EUR 4 1 775 000 000
CHF 3 650 000 000
CNY 2 1 200 000 000
AUD 2 314 500 000
GBP 1 50 000 000
JPY 1 20 000 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Japan Credit Rating Agency *** Foreign Currency Long-term Issuer Rating ***
Japan Credit Rating Agency *** Local Currency Long-term Issuer Rating ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Oil India, 5.125% 4feb2029, USD - International bonds XS1932866079 5.125% 550 000 000  USD 01/29/2019 02/04/2029
Bharat Petroleum, 4.375% 24jan2022, USD - International bonds XS1939427842 4.375% 500 000 000  USD 01/17/2019 01/24/2022
Indian Oil Corporation, 4.75% 16jan2024, USD - International bonds XS1936310371 4.75% 900 000 000  USD 01/10/2019 01/16/2024
Power Finance Corporation, 6.15% 6dec2028, USD - International bonds US73928RAA41 6.15% 500 000 000  USD 11/28/2018 12/06/2028
HDFC, 8.75% 29nov2023, INR - International bonds XS1914315293 8.75% 5 000 000 000  INR 11/19/2018 11/29/2023
Rural Electrification Corp, 5.25% 13nov2023, USD - International bonds XS1902341939 5.25% 700 000 000  USD 10/31/2018 11/13/2023
HDFC Bank, FRN 27sep2021, USD - International bonds XS1884717908 3M LIBOR USD + 0.8% 30 000 000  USD 09/19/2018 09/27/2021
REPL, 0% 12aug2019, EUR (364D) - International bonds XS1770937347 0%   EUR 08/13/2018 08/12/2019
Power Finance Corporation, 5.25% 10aug2028, USD - International bonds XS1864036576 5.25% 300 000 000  USD 08/02/2018 08/10/2028
Dewan Housing Finance Corporation, 8.5% 18apr2023, INR - International bonds XS1804974399 8.5% 10 000 000 000  INR 04/11/2018 04/18/2023

World Bond market statistics

Quarterly indices

Type: III 2018 II 2018 I 2018 IV 2017 III 2017 II 2017 I 2017
BIS volume of international-bond market of emerging countries
[10327] Indian international bonds, USD bln 42.600 42.800 45.000 42.000 39.300 38.200 36.900
BIS net issues of international-bond market of emerging countries
[10561] International-bond net issue of India, USD bln 0.200 -1.000 3.000 2.600 1.000 1.300 1.900

New issues of Emerging markets International Bonds

Yearly indices

Type: 2018 2017 2016 2015 2014
Annual new International Bonds issues (Asia)
[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

Emerging Markets International Bonds

Monthly indices

Type: Jan 2019 Dec 2018 Nov 2018 Oct 2018 Sep 2018 Aug 2018 Jul 2018
Volume of Asian International Bonds Markets
[21647] India international bonds, USD bln 65.113 64.016 65.121 64.620 66.412 67.059 66.915
[21685] India corporate international bonds, USD bln 65.113 64.016 65.121 64.620 66.412 67.059 66.915
[21723] India sovereign international bonds, USD bln 0.000 0.000 0.000 0.000 0.000 0.000 0.000
show other indices

Credit Risk Indicators

Daily indices

Type: 02/18/2019 02/15/2019 02/14/2019 02/13/2019 02/12/2019 02/11/2019 02/08/2019
CDS India (Interactive Data)
[13591] CDS 6M India 18.7700 18.9200 18.6400 18.9900 19.5100 19.8900 20.2800
[13653] CDS 1Y India 20.9700 21.0900 20.7800 21.1500 21.7200 22.1400 22.5600
[13715] CDS 2Y India 40.3800 40.6100 39.9600 40.6600 41.7400 42.5300 43.2600
[13777] CDS 3Y India 58.3200 58.5800 57.6300 58.6600 60.2200 61.3700 62.4400
[13839] CDS 4Y India 77.2500 77.5100 76.2600 77.6200 79.6900 81.2200 82.6500
[13901] CDS 5Y India 96.7400 96.9500 95.3800 97.0900 99.6700 101.5900 103.3800
[13963] CDS 7Y India 126.6100 126.8400 124.9600 127.0100 130.0900 132.3900 134.5300
[14025] CDS 10Y India 164.4800 164.8600 162.7200 165.0400 168.5000 171.1000 173.4900
[14087] CDS 15Y India 197.4000 197.9300 195.7300 198.1000 201.6200 204.2600 206.6700
[14149] CDS 20Y India 212.7400 213.2500 211.0600 213.4100 216.9000 219.5100 221.8700
[14211] CDS 30Y India 224.6700 225.2600 223.1400 225.4300 228.8100 231.3500 233.6300
show other indices

Stock market (World)

Daily indices

Type: 02/19/2019 02/18/2019 02/15/2019 02/14/2019 02/13/2019 02/12/2019 02/11/2019
Stock market (Asia)
[367] BSE Sensex  35 352.61 35 498.44 35 808.95 35 876.22 36 034.11 36 153.62 36 395.03
show other indices

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Adani Ports and Special Economic Zone, 3.5% 2020, USD   USD 07/29/2020 02/18/2019 **.**** *.** 02/18/2019 **.* *.**
Adani Ports and Special Economic Zone, 3.95% 19jan2022, USD   USD 01/19/2022 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Adani Ports and Special Economic Zone, 4% 30jul2027, USD   USD 07/30/2027 02/18/2019 **.**** *.** 02/18/2019 **.** *.**
Adani Transmission, 4% 3aug2026, USD   USD 08/03/2026 02/18/2019 **.**** *.** 02/18/2019 **.** *.*
Axis Bank, 2.875% 1jun2021, USD   USD 06/01/2021 02/18/2019 **.**** *.** 02/18/2019 **.**** *.**
Bank of Baroda, 4.875% 23jul2019, USD   USD 07/23/2019 02/18/2019 ***.** *.** 02/18/2019 ***.* *.**
Bank of India, 3.125% 6may2020, USD   USD 05/06/2020 02/18/2019 **.*** *.** 02/18/2019 **.*** *.**
Bank of India, 6.250% 16feb2021, USD   USD 02/16/2021 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Bharat Petroleum, 3% 20dec2019, CHF   CHF 12/20/2019 02/18/2019 ***.** *.** 02/18/2019 ***.** *.*
Bharat Petroleum, 4% 8may2025, USD   USD 05/08/2025 02/18/2019 **.** *.* 02/18/2019 **.** *.**
Bharat Petroleum, 4.375% 18jan2027, USD   USD 01/18/2027 02/18/2019 **.**** *.** 02/18/2019 **.**** *.**
Bharat Petroleum, 4.375% 24jan2022, USD   USD 01/24/2022 02/18/2019 **.** *.** 02/18/2019 ***.** *.**
Bharat Petroleum, 4.625% 25oct2022, USD   USD 10/25/2022 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Bharti Airtel, 3% 31mar2020, CHF   CHF 03/31/2020 02/18/2019 ***.** *.** 02/18/2019 ***.* *.**
Bharti Airtel, 3.375% 20may2021, EUR   EUR 05/20/2021 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Bharti Airtel, 4.375% 10jun2025, USD   USD 06/10/2025 02/18/2019 **.**** *.** 02/18/2019 **.** *.**
Bharti Airtel, 5.125% 11mar2023, USD   USD 03/11/2023 02/18/2019 ***.* *.** 02/18/2019 ***.* *.**
Bharti Airtel, 5.35% 20may2024, USD   USD 05/20/2024 02/18/2019 **.* *.** 02/18/2019 *** *.**
Delhi International Airport, 6.125% 31oct2026, USD   USD 10/31/2026 02/18/2019 **.**** *.** 02/18/2019 **.** *.**
Delhi International Airport, 6.125% 3feb2022, USD   USD 02/03/2022 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
ECL Finance, 9.05% 28dec2019, INR   INR 12/28/2019 02/18/2019 **.*** *.** 02/18/2019 **.*** *.**
Eros International, 6.5% 15oct2021, GBP   GBP 10/15/2021 02/18/2019 **.* **.** 02/18/2019 **.* **.**
Export-Import Bank of India, 0.97% 26nov2024, JPY   JPY 11/26/2024 02/18/2019 ***.**** *.** 02/18/2019 ***.**** *.**
Export-Import Bank of India, 2.75% 12aug2020, USD   USD 08/12/2020 02/18/2019 **.**** *.* 02/18/2019 **.** *.**
Export-Import Bank of India, 2.75% 1apr2020, USD   USD 04/01/2020 02/18/2019 **.**** *.** 02/18/2019 **.**** *.**
Export-Import Bank of India, 3.125% 20jul2021, USD   USD 07/20/2021 02/18/2019 **.**** *.** 02/18/2019 ** *.**
Export-Import Bank of India, 3.375% 5aug2026, USD   USD 08/05/2026 02/18/2019 **.**** *.** 02/18/2019 **.** *.**
Export-Import Bank of India, 3.875% 2oct2019, USD   USD 10/02/2019 02/18/2019 ***.**** *.** 02/18/2019 ***.** *.**
Export-Import Bank of India, 4% 14jan2023, USD   USD 01/14/2023 02/18/2019 **.** **.** 02/18/2019 **.** **.**
Export-Import Bank of India, 4.65% 14aug2020, CNY   CNY 08/14/2020 02/18/2019 ***.*** *.** 02/18/2019 ***.*** *.**
Glenmark Pharmaceuticals, 4.5% 2aug2021, USD   USD 08/02/2021 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Global Cloud Xchange, 7% 1aug2019, USD   USD 08/01/2019 02/18/2019 **.*** **.** 02/18/2019 **.** **.**
GMR Hyderabad International Airport, 4.25% 27oct2027, USD   USD 10/27/2027 02/18/2019 **.** *.** 02/18/2019 **.** *.**
GTL infrastructure, 6.731% 26oct2022, USD   USD 10/26/2022 02/18/2019 ** **.** 02/18/2019 ** **.**
Hindustan Petroleum Corporation, 4% 12jul2027, USD   USD 07/12/2027 02/18/2019 **.** *.** 02/18/2019 **.** *.**
HPCL-Mittal Energy, 5.25% 28apr2027, USD   USD 04/28/2027 02/18/2019 **.**** *.** 02/18/2019 **.*** *.**
ICICI Bank, 2.75% 7jan2020, CHF   CHF 01/07/2020 02/18/2019 ***.* *.** 02/18/2019 ***.** *.**
ICICI Bank, 3.5% 18mar2020, USD   USD 03/18/2020 02/18/2019 **.**** *.* 02/18/2019 **.** *.**
ICICI Bank, 5.750% 16nov2020, USD   USD 11/16/2020 02/18/2019 ***.** *.** 02/18/2019 ***.* *.**
ICICI Bank, 6.125% 3apr2019, AUD   AUD 04/03/2019 02/18/2019 ***.*** *.** 02/18/2019 ***.*** *.**
ICICI Bank, 7.0% 23nov2020, USD   USD 11/23/2020 02/18/2019 ***.**** *.** 02/18/2019 ***.**** *.**
IDBI Bank, 4.125% 23apr2020, USD   USD 04/23/2020 02/18/2019 **.** *.** 02/18/2019 **.* *.**
IDBI Bank, 4.25% 30nov2020, USD   USD 11/30/2020 02/18/2019 **.**** *.* 02/18/2019 **.**** *.**
IDBI Bank, 5% 25sep2019, USD   USD 09/25/2019 02/18/2019 **.**** *.** 02/18/2019 ***.* *.**
Indiabulls Housing Finance, 8.567% 15oct2019, INR   INR 10/15/2019 02/18/2019 **.*** **.** 02/18/2019 **.*** **.**
Indian Oil Corporation, 4.10% 15oct2022, SGD   SGD 10/15/2022 02/18/2019 ***.**** *.** 02/18/2019 ***.**** *.**
Indian Oil Corporation, 4.75% 16jan2024, USD   USD 01/16/2024 02/18/2019 ***.** *.* 02/18/2019 ***.** *.**
Indian Oil Corporation, 5.625% 2aug2021, USD   USD 08/02/2021 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Indian Oil Corporation, 5.75% 1aug2023, USD   USD 08/01/2023 02/18/2019 ***.** *.* 02/18/2019 ***.** *.**
Indian Railway Finance Corp, 3.917% 26feb2019, USD   USD 02/26/2019 02/18/2019 ***.** * 02/18/2019 ***.** -*.**
Jain Irrigation Systems, 7.125% 1feb2022, USD   USD 02/01/2022 02/18/2019 **.** *.** 02/18/2019 **.** *.**
JSW Steel, 4.75% 12nov2019, USD   USD 11/12/2019 02/18/2019 **.** *.** 02/18/2019 ***.*** *.*
JSW Steel, 5.25% 13apr2022, USD   USD 04/13/2022 02/18/2019 ***.* *.** 02/18/2019 ***.** *.**
Larsen & Toubro, 0.675% 2019, USD (Conv.)   USD 10/22/2019 02/18/2019 **.**** *.** 02/18/2019 **.**** *.**
Lodha Developers, 12% 13mar2020, USD   USD 03/13/2020 02/18/2019 **.** **.** 02/18/2019 **.** **.*
Neerg Energy, 6% 13feb2022, USD   USD 02/13/2022 02/18/2019 **.** *.** 02/18/2019 **.** *.**
NTPC, 2.75% 1feb2027, EUR   EUR 02/01/2027 02/18/2019 **.* *.** 02/18/2019 ***.** *.**
NTPC, 4.25% 26feb2026, USD   USD 02/26/2026 02/18/2019 **.*** *.* 02/18/2019 **.** *.**
NTPC, 4.375% 26nov2024, USD   USD 11/26/2024 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
NTPC, 4.75% 3oct2022, USD   USD 10/03/2022 02/18/2019 ***.* *.* 02/18/2019 ***.** *.**
NTPC, 5.625% 14jul2021, USD   USD 07/14/2021 02/18/2019 ***.** *.* 02/18/2019 ***.** *.**
NTPC, 7.25% 3may2022, INR   INR 05/03/2022 02/18/2019 **.** *.** 02/18/2019 **.* *.**
NTPC, 7.375% 10aug2021, INR   INR 08/10/2021 02/18/2019 **.* *.** 02/18/2019 **.** *.**
Oil and Natural Gas Corporation (ONGC), 2.75% 15jul2021, EUR   EUR 07/15/2021 02/18/2019 ***.** *.* 02/18/2019 ***.** *.**
Oil and Natural Gas Corporation (ONGC), 2.875% 27jan2022, USD   USD 01/27/2022 02/18/2019 **.**** * 02/18/2019 **.**** *.**
Oil and Natural Gas Corporation (ONGC), 3.25% 15jul2019, USD   USD 07/15/2019 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Oil and Natural Gas Corporation (ONGC), 3.75% 27jul2026, USD   USD 07/27/2026 02/18/2019 **.**** *.** 02/18/2019 **.** *.**
Oil and Natural Gas Corporation (ONGC), 3.75% 7may2023, USD   USD 05/07/2023 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Oil and Natural Gas Corporation (ONGC), 4.625% 15jul2024, USD   USD 07/15/2024 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Oil India, 3.875% 17apr2019, USD   USD 04/17/2019 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Oil India, 4% 21apr2027, USD   USD 04/21/2027 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Oil India, 5.375% 17apr2024, USD   USD 04/17/2024 02/18/2019 ***.**** *.** 02/18/2019 ***.** *.**
Power Finance Corporation, 6.15% 6dec2028, USD   USD 12/06/2028 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Power Grid Corporation, 3.875% 17jan2023, USD   USD 01/17/2023 02/18/2019 **.**** *.** 02/18/2019 ***.** *.*
Reliance Communications, 6.5% 6nov2020, USD   USD 11/06/2020 02/18/2019 **.** ***.** 02/18/2019 **.* ***.**
Reliance Industries, 3.667% 30nov2027, USD   USD 11/30/2027 02/18/2019 **.** *.** 02/18/2019 **.** *.*
Reliance Industries, 4.125% 28jan2025, USD   USD 01/28/2025 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Reliance Industries, 4.5% 19oct2020, USD   USD 10/19/2020 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Reliance Industries, 5.4% 14feb2022, USD   USD 02/14/2022 02/18/2019 ***.** *.** 02/18/2019 ***.** *.*
Reliance Industries, 6.25% 19oct2040, USD   USD 10/19/2040 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Rolta, 8.875% 24jul2019, USD   USD 07/24/2019 02/18/2019 **.** ****.** 02/18/2019 **.** ****.**
Rural Electrification Corp, 3.068% 18dec2020, USD   USD 12/18/2020 02/18/2019 **.** *.** 02/18/2019 **.* *.**
Rural Electrification Corp, 3.875% 7jul2027, USD   USD 07/07/2027 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Rural Electrification Corp, 4.625% 22mar2028, USD   USD 03/22/2028 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Rural Electrification Corp, 5.25% 13nov2023, USD   USD 11/13/2023 02/18/2019 ***.** *.** 02/18/2019 ***.** *.*
Sintex Industries, 7% 25may2022, USD (Conv.)   USD 05/25/2022 02/18/2019 ** *.** 02/18/2019 ** *.**
State Bank of India, 3.25% 24jan2022, USD   USD 01/24/2022 02/18/2019 **.**** *.** 02/18/2019 **.* *.**
State Bank of India, 3.622% 17apr2019, USD   USD 04/17/2019 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
State Bank of India, 4.875% 17apr2024, USD   USD 04/17/2024 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
State Bank of India, 5.5% perp., USD   USD 02/18/2019 **.** * 02/18/2019 **.** *
Suzlon Energy, 3.25% 16jul2019, USD (Conv.)   USD 07/16/2019 02/18/2019 **.**** **.** 02/18/2019 **.**** **.**
Syndicate Bank, 3.875% 4dec2019, USD   USD 12/04/2019 02/18/2019 **.** *.** 02/18/2019 ***.** *.**
Tata International, 6.65% perp., SGD   SGD 02/18/2019 **.* * 02/18/2019 ***.** *
Tata Motors, 4.625% 30apr2020, USD   USD 04/30/2020 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Tata Motors, 5.75% 30oct2024, USD   USD 10/30/2024 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Tata Motors, 5.75% 7may2021, USD   USD 05/07/2021 02/18/2019 **.**** *.** 02/18/2019 ***.**** *.**
Tata Steel, 4.45% 24jul2023, USD   USD 07/24/2023 02/18/2019 ** *.** 02/18/2019 **.** *.**
Tata Steel, 4.85% 31jan2020, USD   USD 01/31/2020 02/18/2019 ***.** *.** 02/18/2019 ***.* *.**
Tata Steel, 5.45% 24jan2028, USD   USD 01/24/2028 02/18/2019 **.* *.** 02/18/2019 **.** *.*
Tata Steel, 5.95% 31jul2024, USD   USD 07/31/2024 02/18/2019 ***.** *.** 02/18/2019 ***.** *.**
Union Bank of India, 4.5% 28oct2019, USD   USD 10/28/2019 02/18/2019 ***.**** *.** 02/18/2019 ***.** *.**
UPL Corporation, 4.5% 8mar2028, USD   USD 03/08/2028 02/18/2019 **.** *.** 02/18/2019 **.** *.**
UPL Limited, 3.25% 13oct2021, USD   USD 10/13/2021 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Vedanta, 6.125% 9aug2024, USD   USD 08/09/2024 02/18/2019 **.**** *.** 02/18/2019 **.**** *.**
Vedanta, 6.375% 30jul2022, USD   USD 07/30/2022 02/18/2019 **.** *.** 02/18/2019 **.** *.*
Vedanta, 7.125% 31may2023, USD   USD 05/31/2023 02/18/2019 **.** *.** 02/18/2019 **.** *.**
Vedanta, 8.25% 7jun2021, USD   USD 06/07/2021 02/18/2019 ***.** *.* 02/18/2019 ***.** *.**
Videocon Industries, 4.3% 31dec2020, USD (Conv.)   USD 12/31/2020 02/18/2019 ** **.** 02/18/2019 ** *.**
Yes Bank, 3.75% 6feb2023, USD   USD 02/06/2023 02/18/2019 **.** *.** 02/18/2019 **.** *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×