Demystifying SEBI Debt Disclosure: Beyond Mandatory Listing Requirements

Imagine you are assessing a mid-cap manufacturing firm planning a significant non-convertible debenture (NCD) issuance. While the mandatory listing requirement ensures the bonds trade on an exchange, your work as an...

Mastering Duration: Quantifying Bond Price Sensitivity for Portfolio Resilience

Imagine you are drafting an investment strategy for a high-net-worth client during a cycle where the Reserve Bank of India (RBI) is signaling a hawkish stance on inflation. Your client holds a portfolio dominated by...

Mastering Duration: The Impact of Maturity on Interest Rate Sensitivity

Imagine you are drafting an investment note for an institutional client who is heavily invested in long-term infrastructure bonds issued by a Public Sector Undertaking. Your client is concerned about the Reserve Bank of...

Mastering Fixed-Income Valuation: Beyond Simple Cash Flow Analysis

Imagine you are drafting an investment note for an institutional client evaluating a long-term infrastructure bond issued by an Indian conglomerate. You have access to the bond’s coupon schedule and the final principal...

Navigating Hybrid Instruments: The Dual Nature of Convertible Debentures

You are deep into your credit analysis of a mid-cap manufacturing firm, assessing its leverage ratios to gauge solvency risk. While reviewing the notes to the financial statements, you notice a significant portion of the...

Using Duration to Anticipate Interest Rate Sensitivity in Portfolios

Imagine you are drafting a debt-market outlook for your firm’s monthly research newsletter. The Reserve Bank of India (RBI) has just hinted at a possible repo rate hike, and your clients are worried about their corporate...