Indian corporates including public sector companies have raised more than Rs 51,989 crore through the BSE Bond platform during the lockdown period starting March 23.
“BSE Bond platform, the premier debt raising platform of India has raised funds worth Rs 26,666 crore from commercial papers via 27 corporates and Rs 25,323 crore from medium and long term bonds via 18 corporates,” BSE said in a release.
The issuers included six public sector companies and 21 private sector companies for commercial papers while three public sector companies and 15 private sector companies have raised funds through medium and long term bonds, BSE added.
This amount was raised during lockdown period starting March 23 till April 20, 2020.
BSE Bond platform allows corporates to remotely set up their issues and open for subscription seamlessly. The investors are able to give their bids online and the settlement takes place in an automated way through Indian Clearing Corporation (ICCL).
For the financial year 2019-20, the platform garnered fund raising for commercial papers amounting to Rs 4,33,480 crores by 116 issuers and for bonds worth Rs 3,36,670 crores by 121 issuers, the BSE said.
For financial year 2018-19, bonds worth Rs 3,10,939 crores were raised by 124 Issuers and financial year 2017-18 bonds worth Rs 2,03,932 crores were raised by 78 Issuers, the exchange added.
