India’s new infrastucture lender plans debut $610 Million Bond
- DFI could raise up to 47 rupees via bonds in next 3 years: Rai.
- India needs about $1 trillion for antra development by 2025.
- India’s newly created infrastructure-financing insotution is planning a maiden bond issue of 50 billen rupees (5610 million) in the next quartes according to a senior official at the company.
- The institution wants to test the market in terms of pricing with the small nuance, Rajkiran Ra managing director at the National Bank for financingi infrastructure and development, India’s new development finance institution, said in an interview.
Adani to repay $500 Million loan as bank balk to refinance
- Destiche, Standard Chartered, Barclays among lenders for loan.
- Adani had borrowed $4.5 billion for purchase of malcim assets.
- The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balled at refinancing the debt fallewing a short seller report that sent the group’s assets humbling.
- Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to Finance the purchase of Holcim Ltd cement assets last year A portion of that loan is due March 9.
India’s fuel demand slips in January from nine-month peak
- India’s fuel demand sipped in January after hitting a ne-month peak in Decembes hit by lower mobility due to cold weather in parts of the country and a slowdown in industrial activity.
- Consumption of fuel, a proxy for oil demand, was about 4.6% lower than the previous month at 18.7 million tonnes in January, data from Indian oil ministry’s Petroleum Planning and Analysis cell (PPAC) showed o Wednesday. Sales of diesel fell 7.6% in January from a month ago to 7.18 million tonnes, while sales of gasoline, or petrol, fell 5.3% to 2.82 million tonnes, the PPAC data showed.
- Festive season in over and cold temperatures might have played a role,” said Refinitiv analyst Ehsan Ul Haq.