*DebtCircle Morning Brief – 25th February 2025* 📢 *India News:* 1. RBI Ban On Loan Prepay Fee To Impact NBFCs More Than Banks 2. India Short Bond Yields Dip As RBI Boosts Liquidity 3. Rupee Premiums, Bond Yields Drop After RBI's $10B FX Swap 4. FPI Funds In Govt Bonds Fall As India-US Yield Gap Narrows 5. India Bond Traders Await State Debt Demand For Direction 6. Tata Comm Raises INR 4.65B Via Commercial Paper Issue 📊 *India Government Bond Yields (24th February 2025):* * 5Y: 6.644% * 10Y: 6.704% 🏦 *India Primary Issuance (25th February 25):* *Corporate Bonds:* * VERITAS FINANCE LIMITED: ₹100 Cr, Coupon 9.65%-9.75%, Tenure 36-49 months, Rating A+. * NAVI FINSERV LIMITED: ₹50 Cr, Coupon 10.6%, Tenure 27 months, Rating A. * LIC HOUSING FINANCE LTD: ₹1,000 Cr, Coupon 7.645%, Tenure 61 months, Rating AAA. * CUBE HIGHWAYS TRUST: ₹600 Cr, Coupon 0%, Tenure 230 months, Rating AAA. * TATA STEEL LIMITED: ₹3,000 Cr, Coupon 7.75%, Tenure 61 months, Rating AA+. * VEDIKA CREDIT CAPITAL LTD: ₹20 Cr, Coupon 12%, Tenure 30 months, Rating A-. *SDL Issuance* * AP SDL 2036: ₹1,000 crore * AS SDL 2045: ₹950 crore * BH SDL 2037: ₹1,546 crore * CT SDL 2034: ₹2,000 crore * CT SDL 2035: ₹1,000 crore * GJ SDL 2030: ₹1,000 crore * HR SDL 2038: ₹2,000 crore * KA SDL 2033: ₹2,000 crore * KA SDL 2038: ₹2,000 crore * KL SDL 2042: ₹1,920 crore * MH SDL 2037: ₹1,500 crore * MH SDL 2038: ₹1,500 crore * MH SDL 2039: ₹1,000 crore * MH SDL 2040: ₹1,000 crore * MN SDL 2040: ₹250 crore * 7.19% PB 2045: ₹1,000 crore * RJ SDL 2035: ₹1,000 crore * RJ SDL 2042: ₹1,000 crore * 7.61% RJ 2032: ₹1,250 crore * 7.45% RJ 2040: ₹1,250 crore * SK SDL 2035: ₹488 crore * TN SDL 2033: ₹2,000 crore * TN SDL 2037: ₹1,000 crore * TN SDL 2055: ₹2,000 crore * UP SDL 2040: ₹3,000 crore * 7.17% WB 2042: ₹2,500 crore * AS SDL 2040: ₹900 crore *T-Bills Issuance* * 364 Day T-Bill: ₹7,000 crore * 91 Day T-Bill: ₹14,000 crore * 182 Day T-Bill: ₹12,000 crore *G-Sec Issuance* * 6.92% GS 2039: ₹12,000 crore * 7.09% GS 2054: ₹10,000 crore * 6.79% GS 2031: ₹10,000 crore 💰 *Metals:* * Gold (999): ₹8,788/g * Silver: ₹1011/10g *Stay Ahead In The Dynamic World Of Debt Markets!* https://debtcircle.in/ *Follow us on LinkedIn* https://www.linkedin.com/company/debt-circle *Join our WhatsApp & Telegram channel for daily updates* https://whatsapp.com/channel/0029ValOH5VLdQeW3LMm8V2G https://t.me/debtcircle *Follow us on X* https://x.com/DebtCircle *Tune in to our podcast on Spotify or visit our podcast page to listen!* https://open.spotify.com/show/1aWCDsIGLw77vzx2BX1Kmj?si=wwxWPnuiSsODafHybL4rgQ https://debtcircle.in/podcasts