New Delhi: IRFC and NTPC today raised Rs 2,000 crore and Rs 700 crore, respectively, through issuance of debt securities on BSE‘s newly launched electronic book mechanism platform.
With this, the exchange’s e-book platform has crossed 200 issuances and Rs 1 lakh crore of fund raising through debt securities by corporates in India, BSE said in a release.
“In 2016-17, till November 22, 2016, 45 issuers have done 200 issues of bonds and have successfully raised Rs 1,00,308 crore using BSE Debt platforms,” the exchange said.
“We congratulate BSE and its team to introduce a system which is simple to use, robust and helped raise capital in the most cost effective and transparent manner,” Neeraj Kumar, Director Finance, IRFC, said.
The platform — BSE Bond — was launched in July to facilitate online bidding for private placement of debt securities.
The funds have been raised from various sources, including banks, mutual funds, insurance companies, foreign portfolio investors and corporates, among others.
“We congratulate BSE and team on providing a strong Electronic Bidding Platform (for private placement of Debt Securities). The same is convenient to use and has improved processing time with market participants,” said Harish Shah, CFO, Kotak Mahindra Prime.
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.
Latest posts by Mozaffar EtezadiFar (see all)
- Nuclear generation nears record high in 2019: World Nuclear Association - 26th August 2020
- ONGC shuts 2 rigs after spurt in Covid cases - 22nd August 2020
- Jharkhand is a lawless state: Karat - 14th August 2020