London Inter Bank Offered Rate (LIBOR) Subject: Economy Context: A new EY India report as majority of LIBOR rates are likely to be phased out by the end of 2021, the NBFCs in India need to plan for an effective Inter Bank Offered Rate (IBOR) transition. Concept: Report highlights LIBOR-linked borrowings and derivative […]
Special Purpose Acquisition Companies (SPAC) Subject: Economy Context: Many countries are today seeing SPAC as an alternative to Initial Public Offerings (IPOs) Concept: SPACs offer a new route for high-risk taking individuals to participate in the start-up euphoria. It is an empty corporate shell (or blank-cheque companies with no operations or business plans […]
Bond Yield Subject: Economy Context: The rise in bond yields across the world has disrupted the bull rally on the stock markets with the benchmark Sensex of the BSE plunging 1,145 points, or 2.25 per cent Concept: The rise in bond yields in India is in response to factors such as absorption of […]