Markets & Finance

Oceanhawk Acquisition II Corp. filed a Form S-1 with the SEC on September 15, 2026, proposing an offering of 15 million units at $10 each to raise $150 million, with proceeds held in a U.S. trust account pending a business combination. The SPAC has no industry restriction and no target selected, and the filing is a proposed registration statement that has not yet been priced, closed, or cleared by the SEC. The vehicle is a second SPAC from the same sponsor network, following the predecessor Oceanhawk Acquisition Corp., which closed a $160 million IPO in May 2026.

The Reserve Bank of India announced open-market sales of government securities worth ₹1 trillion across three auctions in September 2026, beginning with a ₹50,000 crore sale on September 17, to address surplus liquidity in the banking system linked to over $127 billion raised through its FCNR(B) forex facility. India's benchmark 10-year yield reached 7.088% on September 15, extending a four-week rising streak against a backdrop of U.S. Treasury yields touching 5.041% and crude oil above $105 a barrel. The sales add pressure to a government borrowing program already running at ₹16.09 lakh crore for the first half of FY2026–27, while corporate bond issuance has been slowing since borrowing costs hit seven-year highs.