*DebtCircle Morning Brief – 21st May 2025* 📢 *India News:* 1. SBI to Raise $3 Billion Via Senior Unsecured Notes FY26 2. GOI Series-III Gold Bonds Open for Subscription Dec 4–6, 2017 3. Muthoot Finance Plans 3-Year Bond Issue 4. Bajaj Finance Moves to Pennant’s Cloud Lending System 5. Fintechs Slow Down as Google Shifts AI Platform 6. Credit Growth May Slow in FY26, Focus on Secured Loans 7. RBI Cuts Repo Twice in 3 Months, Impact Still Lacking 8. Indian Bond Yields May Rise as US Treasury Yields Climb 9. UGRO Capital Plans ₹13.15B Raise Via CCDs, Rights Issue 10. IBC Boosts Forex, Bonds, And Exports In Financial Shift 11. MMRDA Gets ₹1,500 Cr Loan from BoM for Slum Project 12. Embassy Reit Raises ₹2,000 Cr Debt for Refinancing 13. Listed Fintechs Hit as Lenders Slow Unsecured Loans 14. Banks to Gain From RBI Draft Gold Norms 📊 *India Government Bond Yields (20th May 2025):* * 5Y: 5.952% * 10Y: 6.277% 🏦 *India Primary Issuance (20th May 2025):* *Corporate Bonds:* * MUTHOOT FINCORP LIMITED: ₹390.9703 Cr, Tenure 24–73 months, Rating AA-, Coupon 9.0–10% * POONAWALLA FINCORP LIMITED: ₹565 Cr, Tenure 38 months, Rating AAA, Coupon 7.65% * SMFG INDIA HOME FINANCE COMPANY LIMITED: ₹250 Cr, Tenure 37 months, Rating AAA, Coupon 7.4% *T-Bills Issuance* * 91 Day T-Bill: ₹9,000 crore * 182 Day T-Bill: ₹5,000 crore * 364 Day T-Bill: ₹5,000 crore *G-Sec Issuance* * 6.75% GS 2029 : ₹15,000 crore * 7.09% GS 2054 : ₹12,000 crore *💰 Metals:* * Gold (999): ₹ 9,742 /g * Silver: ₹969 /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 Disclaimer: This content is intended solely for informational purposes. Any unauthorized reproduction, copying, modification, distribution, transmission, or sharing of this content, in whole or in part, without prior written consent from DebtCircle, is strictly prohibited. DebtCircle reserves the right to take appropriate action against any unauthorized use. The information provided should not be relied upon for any decision-making without independent verification. DebtCircle is not responsible for any consequences resulting from the use or misuse of this content.