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BSE’s Bond platform BSE BOND helps India Inc raise more than Rs 51,989 crore rupees during lockdown period via Commercial Papers and Corporate Bonds

Apr 22nd, 2020 4:50 pm | By | Category: LATEST NEWS

Ashishkumar Chauhan MD & CEO (BSE)

Ashishkumar Chauhan
MD & CEO (BSE)


(THE NEWSMAN OF INDIA.COM)
Mumbai, April 22, 2020: During lockdown period starting March 23, 2020 till April 20, 2020-BSE the premier debt raising platform of India has raised funds worth Rs 26,666 Crs from commercial papers via 27 corporates and Rs 25,323 Crs from medium and long term bonds via 18 corporates.

The issuers included 6 public sector companies and 21 private sector companies for commercial papers and 3 public sector companies and 15 private sector companies for medium & long term bonds.

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).

BSE’s Bond platform has become the largest facility in India to raise funds for corporate India over last 3 years due to complete automated work flow.

For 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.

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. Ashish Kumar Chauhan is the MD and CEO of BSE.

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