ALSO READFirms raise record Rs 6.41 lakh crore via corporate bonds in FY17 Corporate debt securities up 44%, hits record Rs 14.7 lakh cr in FY17 Fund raising through debt placement rises 55% to Rs 64,000 cr in April High real interest rates, strong rupee bring FPIs to debt market IDFC Bank plans to raise non-convertible debt on private placement
Market analysts say fund raising through private debt placement -- where firms issue debt securities or bonds to institutional investors to raise capital -- is higher compared to the year-ago level due to lower cost of raising capital through the route on decline in interest rates.
Individually, firms collected Rs 63,819 crore in April, Rs 33,389 crore in May and another Rs 75,337 crore in June.
With the latest mobilisation, the total fund raising through private placement of debt securities reached Rs 2.21 lakh crore in the current financial year (April-July).
In the entire past fiscal, capital raked in through the route stood at Rs 6.4 lakh crore.