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FINANCIAL MARKET

MONEY MARKET

DEBT MARKET

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CAPITAL MARKET

DEBT MARKET
Alternative route for finance.

Return is fixed
Risk free/ low risk Debt Market

Fixed income securities


Liquidity Bond Market Money Market

Diversifications

DEBT MARKET
G - Secs Bonds

Central Governmen t

State Government

FI Bonds

PSU Corporate Bonds Securities

PARTICIPANTS OF DEBT MARKET


Banks
Financial Institutions

Foreign Institutional Investors


Central Government

Reserve Bank of India


Primary Dealers

INSTRUMENTS OF DEBT MARKET


Commercial Papers Certificate of Deposits Treasury Bills Long Term Debt Instruments Government of India dated Securities State Government Securities

TERMS IN DEBT MARKET


Coupon Interest Payment Dates Last Payment Interest Date Accrued Interest Yield

FACTORS AFFECTING MARKET


Internal Factors : Interest Rate Movement RBI , Economic Policies Demand for Money Government Borrowings Supply of Money Inflation Rate

External Factors :
World Economic & its Impact Foreign Exchange Fet Rate Cut Crude Oil Price Economic Indicators

20 JUL, 2012, 02.11PM IST, REUTERS

Cash Rates Steady; Government Spending Helps


The three-day cash rates steady at 8.00/8.05 % versus 8.00/8.10 % in the previous close at the end of the first week. Banks borrowed 592.10 billion rupees from the central bank at its repo window, remaining well within the central bank's comfort zone. Repo borrowing to remain around 500-700 billion rupees in the next fortnight. Total volumes in the call money market were at 111.04 billion rupees at a weighted average rate of 8.07 per cent.

18 JUL, 2012, 11.19AM IST

RBI seen selling 91-day t-bills at 8.21%: Poll


RBI is expected to sell the 91-day treasury bills at 8.21 %, slightly lower than the 8.22 % fetched at last week's sale. For the 91-day treasury bills, the highest forecast in the poll was 8.25 % and the lowest was 8.18 %. RBI is expected to sell the 182-day T-bills at 8.15 % versus the auction cut-off at 8.26 % two weeks ago. The highest forecast for the 182-day T-bills comes in at 8.27 % and the lowest at 8.10 %. RBI will auction Rs 70 billion of the 91-day bills and Rs 50 billion of the 182-day Bills.

17 JUL, 2012, 04.39PM IST, MOHIT BHALLA,ET NOW

Tata Power weighs Rs 1000 crore bond sale to domestic investors


Tata power is evaluating a plan to raise capital of Rs 1000 crore through a sale of bonds to domestic investors. Tata Power is looking to use the proceeds from the proposed issue to facilitate on going expansion at its Mundra project in Gujarat. 9th July, global credit ratings agency Standard & Poor's (S&P) downgraded its outlook by BB- on Tata Power . Tata Power may have to place a more attractive coupon rate on the bonds for investors to subscribe to the issue. Tata Power raised Rs 1500 crore through an issue of perpetual bonds in June last year.

SHOULD YOU SHIFT FROM L&T Finance NCDs To Tax Free PSU Bonds..???
Open Re-Purchase Window.
NCD can be sold in NSE.

Not Mandatory
As per Buy-Back Option Per Quarter 1. Holder Maximum Upto 100 NCDs. 2. Company Maximum Upto 500000.

CURRENT SCENARIO OF DEBT MARKET STATES A LOWER SIGN


Investors gave a cold response to the much-hyped government bond auction last week. Despite the relatively attractive yields, investors are just not interested in the Indian Bond Story. When the highest yielding government bonds in the Asian region were not bid up fully last week. Many were surprised as to what was wrong with the global investment community.