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U P Power Corp. Ltd raises Rs. 4498.20 cr on BSE BOND platform

Dec 5th, 2017 10:21 am | By | Category: LATEST NEWS

Ashishkumar Chauhan MD & CEO (BSE)

Ashishkumar Chauhan

Mumbai, BSE, Asia’s oldest exchange and now world’s fastest stock exchange with the speed of 6 microseconds had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis , on 1st July 2016. BSE platforms for bond issuances have been a preferred choice for companies to raise Debt Capital in India. It has enabled corporate India to raise debt capital of Rs. 3,43,386 crore till date

On December 04, 2017, U P Power Corporation Limited successfully raised a whopping Rs. 4498.20 crore on the BSE BOND platform. Shri Alok Kumar IAS Chairman from U P Power Corporation Limited quoted “We at UPPCL appreciate the transparent dynamics of online bidding portal BSE BOND and market participants in making the largest NCD issue in State Power Discom possible.

In this Financial Year 2017-18, till December 04, 2017, 64 Issuers have done 295 issues of bonds and have successfully raised Rs. 1,28,209 crore using BSE Debt platforms

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