Bond mkt actions
JM Financial credit solutions to raise Rs25cr, re-issue of 9.2%, Nov’30 bonds
Tata Cap Hsng takes Rs50cr at 7.33%, 10 yr subordinated bonds
Cholamandalam Invt takes Rs480cr at 5.48%, 2yr bonds
SBI Cards & Payments to raise funds via shorter tenor bond soon

Tata Projects to raise funds via over one-month CP at 3.57% coupon
Tata Power to raise funds via two-month CP at 3.27% coupon
Axis Finance to raise funds via two-month CP at 3.31% coupon
ICICI Securities to raise funds via over two-month CP at 3.31% coupon
Godrej Agrovet to raise funds via over two-month CP at 3.27% coupon
NABARD to raise funds via three-month CP at 3.33% coupon
Godrej Industries to raise funds via three-month CP at 3.42% coupon
Tata Motors Finance to raise funds via one-year CP at 5.28% coupon

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Abhishek Kothari 🇮🇳

Abhishek Kothari 🇮🇳 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @kothariabhishek

13 Jan
Thread on IRFC IPO
Open on 18th Jan’21
Closes on 20th Jan’21
IPO size: Rs4455.2-Rs4633.4 cr
Break up:
Offer for sale Rs1485.1cr – Rs1544.5 cr
Fresh issue: Rs2970.1 cr – Rs3088.9

Valuations: P/BV Q2FY21, post fund raise
At Rs25 – 0.94x
At Rs26 – 0.98x
What does the co. do?
Market borrowing arm of Indian Railways
Primary business is acquisition of rolling stock assets, powered & unpowered vehicles
Follow financial leasing model for financing the rolling stock assets
Can do all work for railways except electrification
Funding profile of Indian Railways = Mkt borrowing & own source; Mkt borrowing is handled by IRFC
GOI decides its spreads or margins
IRFC can give all capex loans to Indian Railways or subs – this has lower spreads
Co. doesn’t have to pay tax due to rolling asset depreciations
Read 6 tweets
27 Jul 20
@KotakBankLtd Concall Highlights
@udaykotak says:
Moving to new normal world – last time spoken
The way virus is going & economy is going – now in a never normal world
Constant changing world
Saw surge in activity in the month of june
Early data for July suggests flattening viz-a-viz June rather than increasing
Hope to see COVID19 to peak out at Aug-Sept
There are some encouraging signs from Mumbai & Delhi
Economy will get back to 2019 runrate by Q2 2021-22
Moratorium 2.0 is at 9.65% of the book
Fundamental philosophy deeply committed to is B/S is more imp than short term P&L
Used surgical criteria for taking decisions on moratorium 2.0
Trying to find fundamentally viability of the customer to give out moratorium 2.0
Some accounts have flown into NPA
Read 6 tweets
14 Apr 20
Deepak Parekh of .@HomeLoansByHDFC says:
There is HOPE
This time will pass
Facing disruptions & dislocations like never before
This situation will unwind
No clarity on the timeline
Never before has world economy shrunk by 12% in one quarter
Most brutal collapse of equity this yr
There is slump in oil prices
80-85% of India’s requirement of oil is imported
Skirmish fight between OPEX, oil producing countries & Russia
Each one wants other to reduce production price by $10/barrel
Oil takes 10% of our wholesale price index & 3% of consumer price index
Don’t think that we have reached the bottom of share prices yet
Emerging mkts have fallen more than developed mkt
Most countries've given stimulus measures; but they are all inadequate
Persistent strength of the US dollar has pushed major emerging economies to depreciate sharply
Read 13 tweets
6 Apr 20
@Bajaj_Finance Concall
Need from RBI:
a.Freezing of dpd for customers
b.Need low cost window opportunity for a year
c. One time restructuring of all loans
COVID-19 is the most brutal incidence seen impacting economy
Lost `4750 cr of AUM growth due to 80 day qtr
Q1 disruption will be more severe as it will be 60 day qtr
B2C is 20% of business; loans given to existing customers only
COVID-19 will have severe impact on all aspects of all businesses
Rural – 9% of B/S – expect recovery to be faster
Commercial clients will work for foreseeable period only with existing clients
Commercial clients portfolio is down 35-40% in last few days
Focused in building retail brokerage business
Decided to hold all fixed cost at current levels till Oct’20
Hawkish few on incremental capex
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!