BSE's e-platform handles 100th bond issue

Asia's oldest stock exchange BSE today said its electronic book mechanism has successfully handled 100 bond issuances since its launch on July 1.
The platform, BSE-BOND, which facilitates online bidding for private placement of debt securities, hit the 100-level with issuances from -- Energy Efficiency Services Ltd and National Bank for Agriculture and Rural Development (NABARD) -- both of which raised Rs 500 crore each today.
So far in the current fiscal, 24 issuers have successfully raised Rs 48,495 crore using BSE Debt platforms.
"BSE Bond has successfully managed 100 bond issuance on its platform," BSE said in a statement.

The funds under the platform can be raised from various sources including banks, mutual funds, insurance companies, foreign portfolio investors and corporates, among others. The platforms allow all categories of investors to place bids.
The e-book platforms bring in transparency and efficiency in price discovery for private placement of debt securities.
These platforms are required to have all necessary infrastructure like adequate office space, equipment, risk management capabilities, manpower and other information technology infrastructure for effective functioning.