BSNL maiden bond issue raises Rs8,500cr on BSE BOND platform

BSE is steering its efforts to help India Inc in raising funds. In FY2020-21, BSE’s Debt Platforms have enabled corporate India to list debt instruments worth Rs2,65,426cr ($ 36.10 billion) as on (September 20, 2020).

Sep 22, 2020 08:09 IST India Infoline News Service

BSNL
BSE, Asia’s oldest exchange and now world’s fastest stock exchange with the speed of 6 microseconds, on 1st July 2016 had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis.

Bharat Sanchar Nigam Limited (BSNL) made its first-ever bond issue successfully and raised Rs8500cr by issuing bonds on private placement basis using BSE BOND platform on September 21, 2020. In total, 229 bids for Rs17,183.10cr were received on BSE BOND platform.

Speaking on this occasion Girish Joshi, Chief Trading Operations and Listing Sales, BSE said, "BSE BOND platform helps corporates to raise debt capital in the transparent and efficient way and is glad to be associated with fund raising by companies to uplift the growth of the Indian economy.”

BSE is steering its efforts to help India Inc in raising funds. In FY2020-21, BSE’s Debt Platforms have enabled corporate India to list debt instruments worth Rs2,65,426cr ($ 36.10 billion) as on (September 20, 2020).

Of this, BSE has successfully raised Rs1,83,538cr ($ 24.96 billion) with market share of around 59% via BSE BOND platform (as on September 20, 2020). This platform was launched in July 2016 and garnered fund raising of Rs13,01,065cr ($176.96billion) since inception.

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