PFC Plans To Launch Zero Coupon Bond Issue On Wed

  • PFC plans to raise up to Rs 3,500 crore via zero coupon bond

  • Issue size carries a base size of Rs 600 crore, greenshoe option of Rs 2,900 crore

  • PFC’s zero coupon bonds will mature on June 2, 2035

  • PFC also plans to raise up to Rs 2,500 crore via plain vanilla April 2040 bond

  • Bidding for both bond issuances will be on NSE’s electronic bidding platform

Alert: On April 23, NDTV Profit reported that PFC will tap the bond market with zero coupon bonds by May

Source: Merchant bankers told NDTV Profit

Gold Prices Decline 

Gold prices declined Tuesday as traders await to see US economic data to assess the impact of tariffs. The Gold future was trading 0.14% down at $3,341.50 an ounce as of 8:04 a.m.

US will release its GDP, jobs, and inflation data this week.

Asia Market Update: Most Markets Rise 

Asia-Pacific markets advanced Tuesday. Market participants await a slew of economic data from the US and earnings from mega technology companies this week.

Financial markets in Japan are closed Tuesday.

The KOSPI and S&P ASX 200 were trading and 0.83% and 0.73% higher, respectively as of 8:01 a.m.

US Market Update: S&P 500 Extends Gains To Fifth Day 

US share indices erased losses at the late hours with the S&P 500 rising for a fifth day. The index posted the best winning streak since November. Market participants await US jobs, inflation, and economic growth data along with heavy-weight corporate earnings.

On Monday, the Dow Jones Industrial Average and S&P 500 ended 0.28% and 0.06% higher, respectively. The Nasdaq Composite ended 0.10% down.

GIFT Nifty Implies Higher Open; Gensol Engineering, IndusInd Bank & Trent Shares In Focus

The GIFT Nifty was trading 0.17% or 41 points higher at 24,467.00 as of 6:56 a.m., which implied a higher open for the Indian benchmark indices.

Gensol Engineering Ltd., IndusInd Bank Ltd., and Trent Ltd. share prices may react in Tuesday’s session because of news flow and upcoming earnings.

Central Bank of India, UCO Bank, Adani Green Energy Ltd., PNB Housing Finance Ltd., Fino Payments Ltd. released their fourth quarter earnings. These stocks will also be in focus.

The NSE Nifty 50 and BSE Sensex rebounded from a two-day slump on Monday as Reliance Industries share price led. Moreover, fear about the trade war reduced subsequently, supporting the emerging markets’ assets.

The Nifty 50 ended 289.15 points or 1.20%, higher at 24,328.50, and the Sensex ended 1,005.84 points, or 1.27%, higher at 80,218.37.

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