Stock market major BSE on Thursday reported that with HDFC and IREDA raising Rs 1,498 crore and Rs 200 crore worth of debt capital on Wednesday, it has raised a total of Rs 200,111 crore via its bond issuance platform.
"BSE's platform for bond issuances crossed the Rs 2 lakh crore-mark of fund, raising through debt securities by corporates in India," the stock exchange major said in a statement.
"On March 22, 2017, HDFC and IREDA (Indian Renewable Energy Development Agency) successfully raised Rs 1,498 crore and Rs 200 crore respectively by issuing bonds on private placement basis using the BSE Bond platform."
According to the statement, 383 issues of bonds by 68 issuers have successfully raised Rs 200,111 crore using the BSE Debt platforms during the financial year 2016-17 till March 22, 2017.
"It's a big achievement for BSE. Indian companies have raised about Rs 2 lakh crore by issuing bonds through private placement on BSE's electronic book mechanism since its launch. In comparison, companies raised around Rs 10,000 crore from rupee-denominated bonds, also called Masala Bonds, in the last 1-2 years," said Ashishkumar Chauhan, Managing Director and Chief Executive Officer of the BSE.
"Investors have evolved to a great extent and are now more receptive and open to diversification into new assets class."
BSE had on July 1, 2016 launched the platform for 'Electronic Book Mechanism' -- BSE BOND -- for the issuance of debt securities on private placement basis.
--IANS
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