All Rights Reserved Finance News 2020.
Cos garner Rs 1.55 lakh crore via BSE bond platform in FY21 so far
NEW DELHI: Indian companies have got raised over Rs 1.55 lakh crore by way of debt instruments by using BSE Bond platform during the present financial year, the change said on Friday. Through 2019-20, the platform utilized by 116 issuers to get garnering over Rs five.33 lakh crore via commercial papers, and by 121 issuers for raising Rs 3.36 lakh crore via bonds.
BSE Attachment platform allows corporates to help remotely set up their difficulties and open for ongoing seamlessly.
The investors could bid online and the negotiation takes place in an automated technique through Indian Clearing Business (ICCL).
So far in the current fiscal, BSE’s financial debt platforms have enabled corporate and business India to list financial debt instruments worth Rs only two,03,580 crore ($27.16 billion), the change said in a statement.
Of this, Rs 1,55,717 crore ($20.77 billion) have been raised working with BSE Bond platform, that added.
The exchange, additional, said that as many as 12 PSUs raised Rs 17,370 crore using BSE Attachment platform.
These PSUs achieved funds under Bharat Attachment ETF programme launched simply by Department of Investment in addition to Public Asset Management (DIPAM).
These bond issues effectively took place on BSE Attachment platform between July 27 and August 7.
“BSE firmly believes that American indian bond market is a tap ample potential for sizeable expansion and India is auto parking its domestic savings in the most judicious manner,” BSE CEO and MARYLAND Ashishkumar Chauhan said.
Since inception of the BSE Attachment platform on July one, 2016, more than Rs 12.68 lakh crore have already been garnered by companies.
The platform was launched to assist in online bidding for non-public placement of debt securities.
The platform, which allows all types investors to place bids, assists bring in transparency in addition to efficiency in price finding for private placement of financial debt securities.