Cos Raise Rs 1.75 lakh crore Through Bonds on BSE e-book Platform

Cos Raise Rs 1.75 lakh crore Through Bonds on BSE e-book Platform

Press Release (ePRNews.com) - INDORE, India - Mar 08, 2017 - Indian companies have raised about Rs 1.75 lakh crore by issuing bonds through private placement on BSEs electronic book mechanism since its launch last July, the BSE chief Ashishkumar Chauhan said today. Companies raised around Rs 10,000 crore from rupee- denominated bonds, (Masala bonds), in the last 1-2 years, he added.

Transparency and new bankruptcy code will further help in development of the bond market. Masala bonds are instruments through which Indian entities can raise funds by accessing overseas capital markets. The BSE-BOND was commenced on July 1 to ease online bidding for private placement of debt securities. Since then, companies have raised Rs 1.75 lakh crore through it.

Some of the companies that raised funds through the platform include NTPC, Axis Bank, HDFC, Power Finance Corporation, REC, Yes Bank, NHAI, IRFC, HUDCO and NABARD. The funds have been organized from various sources like banks, MF, insurance companies, FPIs and corporates.

The electronic book mechanism is compulsory for all private placement issues on debt basis for more than Rs 500 crore. It is not obligatory for issues below Rs 500 crore, but the issuers will have to disclose coupon, yield, amount raised, number and category of investors to the electronic book provider for corporate debt market in the format as spelled out by regulator SEBI.

For Daily Market Updates, please visit http://www.pinnaclefinancial.in/

Source : Pinnacle Market Investment Advisory
SHARE :  

You may also like this  

CATEGORIES : Finance

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login

DISCLAIMER

If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/ services/ business mentioned and hereby disclaims any content contained in this press release.