根据 Divya Patil 的报道：由于预期利率会上升，以及印度中央银行为回收过剩现金而采取的措施，两家国有印度公司取消了通过发行卢比债券筹集 6.88 亿美元资金的计划。这些措施导致企业的借贷成本进一步增加。
By Divya Patil Two state-run Indian companies have withdrawn plans to raise $688 million through rupee bonds as an expected interest-rate increase and the central bank’s move to drain surplus cash drive borrowing costs higher.
负责资助印度海洋项目的 Sagarmala Finance Corp. 公司于周一撤回了该国首只“蓝色债券”（一种通常与水资源保护相关的债券）的发行计划；该债券的发行金额为 60 亿卢比（约合 6,250 万美元）。该公司原本预计该 10 年期债券的利率会低于 8%，但其实际收到的投标利率却高于预期，该公司总经理 LVS Sudhakar Babu 在短信中透露了这一情况。
Sagarmala Finance Corp., which funds India’s maritime projects, on Monday pulled the country’s first blue bond — a type of debt typically associated with water conservation — worth as much as 6 billion rupees ($62.5 million). While the New Delhi-based company expected to price the 10-year paper “below 8%,” it got bids at a coupon that was higher than expected, Managing Director LVS Sudhakar Babu said in a text response.
另一家国有发行机构——印度小型工业发展银行（Small Industries Development Bank of India）也在周五取消了原计划中的债券发行计划。该银行原计划发行面值为 600 亿卢比的债券，到期日为 2029 年 12 月，但由于收到的投标利率在 7.6% 至 8.1% 之间，最终取消了此次发行。本月早些时候，该银行曾以 7.70% 的利率发行了面值为 588.9 亿卢比的债券，期限同样为 2029 年 10 月。
Small Industries Development Bank of India, another state-run issuer, on Friday canceled a 60-billion-rupee sale of notes due in December 2029 after getting coupon bids in the range of 7.6% to 8.1%. Earlier this month, the lender raised 58.89 billion rupees through bonds maturing in October 2029 at 7.70%.
随着印度储备银行（Reserve Bank of India）预计将在今年晚些时候收紧货币政策以抑制由油价上涨引发的通货膨胀，企业的借贷成本持续上升。此外，印度储备银行还在减少银行系统的流动性，以防止廉价贷款进一步加剧成本压力。此前，印度政府推出了一项特别计划来支持卢比汇率，该计划成功吸引了海外印度人共计 1,330 亿美元的存款。
Borrowing costs are rising as the Reserve Bank of India is expected to tighten monetary policy later this year to contain oil price-driven inflation. The RBI is also reducing liquidity in the banking system to prevent cheap loans from fueling cost pressures after a special program to support the rupee netted a record $133 billion in diaspora deposits.
据知情人士透露（这些人士要求匿名），国有电力公司 Power Grid Corp. of India Ltd. 原计划筹集 500 亿卢比的资金，但实际上仅收到了 200 亿卢比的投标；尽管所有投标者的出价利率均为 7.74%，该公司仍决定取消此次发行。记者向 Power Grid 公司发送的电子邮件查询也未立即得到回复。
State-owned Power Grid Corp. of India Ltd. on Monday accepted bids for just 20 billion rupees compared with its planned fundraise of 50 billion rupees, even after receiving offers for the entire issue at a 7.74% coupon, according to people familiar with the matter, who didn’t want to be identified as the information is private. A query emailed to Power Grid did not immediately elicit a response.
根据彭博汇编的数据，9月份印度国有企业发行的顶级三年期和十年期债券的平均收益率分别上升了14个基点和20个基点，有望连续第三个月上涨。彭博经济研究指数显示，截至周日，印度各银行的过剩流动性为4.6万亿卢比，低于本月早些时候近11万亿卢比的创纪录水平。
The average yields on top-rated three- and 10-year bonds issued by Indian state-run companies have climbed 14 basis points and 20 basis points, respectively, in September, on track for a third straight month of increase, according to data compiled by Bloomberg. Surplus liquidity at banks stood at 4.6 trillion rupees as of Sunday, showed a Bloomberg Economics index, down from a record of almost 11 trillion rupees earlier this month.
全球债券收益率也处于几十年来的高点，投资者目前预计美联储下个月加息的概率为70%，高于上周五的约65%。
Global bond yields are also at a multidecade high with investors now pricing in a 70% probability of a US Federal Reserve rate hike next month, up from about 65% on Friday.