Pvt placements of debt soar 44% in H1 to Rs 50k cr

Mumbai, Nov 27 | Updated: Nov 28 2006, 07:19am hrs
Just 72 institutions and companies mobilised Rs 50,426 crore in debt through private placements in the first half of the current financial year. This is 44% higher than the amount raised in the corresponding period in the last financial year.

SBI mobilised the highest amount (Rs 6,328 crore), followed by Nabard (Rs 5,711 crore), ICICI Bank (Rs 4,110 crore), HDFC (Rs 3,150 crore), PGCIL (Rs 2,615 crore) and Citifinancial (Rs 1,920 crore).

Prime Database, which operates a database on private placements of debt, considered only those deals that had a tenor and a put/call option of more than one year. Incidentally, FY05 and FY06 witnessed a mobilisation of Rs 55,409 crore and Rs 81,296 crore, respectively.

All-India financial institutions/banks recorded 72% increase in their mobilisation at Rs 39,219 crore in the first six months of this financial year. The leader in this category was SBI, followed by Nabard.

The biggest percentage increase came in fund-raising by state financial institutions at 634%, or Rs 1,300 crore. WBIDFC (Rs 1,043 crore), followed by Gruh Finance (Rs 160 crore), topped the list.

The share of the private sector at Rs 6,163 crore was 16% higher. Leading the mobilisers was Citifinancial, followed by Sundaram (Rs 983 crore).