Fund raising via bonds on private placement basis up 22% in Apr-Jul

In terms of numbers, 608 issuances took place in the period under review as compared to 697 in the year-ago period

Companies raised Rs 2.57 trillion through issuance of bonds on private placement basis in the first fourth months of the ongoing fiscal, up 22 per cent from the year-ago period.

The funds were mopped up to strengthen balance sheets, which might have been impacted due to the coronavirus pandemic, retire existing debt and to support working capital requirements, market experts believe.

According to data available with markets regulator Sebi, companies listed on BSE and NSE garnered a total ofRs 2,57,387 crore during April-July, 2020-21.

In comparison, listed firms raised Rs 2,08,795 crore in the first four months of 2019-20.

Markets experts said companies opted