Divya Patil

1 week ago | bloomberg.com | Saikat Das |Divya Patil

Adani Ports' Mundra Port. Photographer: Sumit Dayal/Bloomberg(Bloomberg) -- Life Insurance Corp. of India is the sole buyer in Adani Ports & Special Economic Zone Ltd.’s record 50-billion-rupee ($585 million) bond sale, according to people familiar with the matter. The company will issue a 15-year bond with a coupon of 7.75%, the people said, asking not to be identified as the information is private.

1 week ago | bloomberg.com | Divya Patil |Saikat Das

Adani Ports & Special Economic Zone Ltd. plans to raise as much as 50 billion rupees ($584 million) through a bond issuance, according to people familiar with the matter, which would be its largest ever. The company is set to seek bids for a note due in 15 years on Thursday, the people said, asking not to be identified as the information is private. The note offers a coupon of 7.75%, the people said.

1 week ago | bloomberg.com | Nic Querolo |Saikat Das |Divya Patil

On the surface, India’s record-breaking private credit deal is a milestone for the market. The real estate and construction conglomerate Shapoorji Pallonji Group has signed a $3.4 billion private financing, the largest ever in India. Investors are being rewarded with a 19.75% yield, an attractive loan-to-value ratio, and a rare opportunity to put a large amount of capital to work in one of the world’s hottest markets.

1 week ago | flipboard.com | Nic Querolo |Saikat Das |Divya Patil

8 hours agoLet me start with a prediction: the S&P 500 will gain about 5% this year—not great, but not bad, either. This isn’t really a Nostradamus-level call: I’m simply annualizing the gain the market has posted so far in 2025, as of this writing. We can think of this year as the middle stage of the business …

2 weeks ago | bloomberg.com | Divya Patil |P R Sanjai

The Grasim Industries Ltd. paint factory in Panipat. (Bloomberg) -- Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, according to people familiar with the matter.