1. Power Finance Corporation raised Rs 4,335 cr via bond issue on BSE e-book platform

Power Finance Corporation raised Rs 4,335 cr via bond issue on BSE e-book platform

State-run Power Finance Corporation (PFC) has raised Rs 4,335 crore from the issuance of debt securities on the BSE's newly launched electronic book mechanism platform.

By: | New Delhi | Published: August 11, 2016 9:49 PM
There were 15 arrangers in the issue, which was conducted on coupon discovery basis. (Reuters) There were 15 arrangers in the issue, which was conducted on coupon discovery basis. (Reuters)

State-run Power Finance Corporation (PFC) has raised Rs 4,335 crore from the issuance of debt securities on the BSE’s newly launched electronic book mechanism platform.

There were 15 arrangers in the issue, which was conducted on coupon discovery basis.

The platform — BSE Bond– was launched last month to facilitate online bidding for private placement of debt securities. Since the launch on July 1, it has managed 27 issuances with a cumulative issue size of Rs 9,200 crore.

“BSE-Bond platform has managed the largest issuance by a PSU of Rs 4,335 crores by PFC on August 10,” the exchange said in a statement.
BSE has been the preferred exchange to raise capital in India. It is the market leader with the total fund raising of about Rs 2,65,000 crore from August 2015 to July 2016. It is also a market leader in corporate debt issuances with a market share of 90 per cent in the last three years.

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