Companies garner Rs 1.55 lakh cr via BSE bond platform in FY21 so far

By: |
August 7, 2020 5:27 PM

During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 lakh crore from commercial papers, and by 121 issuers for raising Rs 3.36 lakh crore via bonds.

BSE Bond platform allows corporates to remotely set up their issues and open for subscription seamlessly.BSE Bond platform allows corporates to remotely set up their issues and open for subscription seamlessly.

Indian companies have raised over Rs 1.55 lakh crore through debt instruments by using BSE Bond platform during the current financial year, the exchange said on Friday.

During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 lakh crore from commercial papers, and by 121 issuers for raising Rs 3.36 lakh crore via bonds.

BSE Bond platform allows corporates to remotely set up their issues and open for subscription seamlessly.

The investors can bid online and the settlement takes place in an automated way through Indian Clearing Corporation (ICCL).

So far in the current fiscal,?BSE’s debt platforms have enabled corporate India to list debt instruments worth Rs 2,03,580 crore (USD 27.16 billion), the exchange said in a statement.

Of this, Rs 1,55,717 crore (USD 20.77 billion) have been raised using BSE Bond platform, it added.

The exchange, further, said that as many as 12 PSUs raised Rs 17,370 crore using BSE Bond platform.

These PSUs garnered funds under Bharat Bond ETF programme launched by Department of Investment and Public Asset Management (DIPAM).

These bond issues successfully took place on BSE Bond platform between July 27 and August 7.

“BSE firmly believes that Indian bond market is tapping ample potential for sizeable growth and India is parking its domestic savings in the most judicious manner,” BSE CEO and MD Ashishkumar Chauhan said.

Since inception of the BSE Bond platform on July 1, 2016, more than Rs 12.68 lakh crore have been garnered by companies.

The platform was launched to facilitate online bidding for private placement of debt securities.

The platform, which allows all categories of investors to place bids, helps bring in transparency and efficiency in price discovery for private placement of debt securities.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Rakesh Jhunjhunwala believes a bull market is incoming; these sectors get his backing
2Reserve Bank of India’s bond shopping could continue as banks return borrowed cash
3Cane crushing in Maharashtra to begin from October 15