Firms raise over Rs.8,000 cr through bond issues on e-book platforms

BoI garnered the highest amount of Rs.1,500 crore through the e-book platform on NSE

Listed companies have raised over Rs.8,000 crore from issuance of debt securities on the newly launched electronic book mechanism on stock exchanges in just 15 days since the launch of these platforms.

The platforms — BSE-BOND and NSE-EBP (Electronic Debt Bidding Platform) — were launched on July 1 to facilitate online bidding for private placement of debt securities.

Since then, the listed entities have raised a cumulative amount of Rs.8,014 crore through 30 issuances, data compiled from the exchanges showed.

BSE-BOND Individually, the companies acquired funds to the tune of Rs.4,881 crore through 23 bond issues, on BSE-BOND.

The issue size of the debt securities was not available.

RIL’s telecom arm Reliance Jio Infocomm raised an amount of Rs.2,000 crore — the highest among the other issuances.

It was followed by an amount of Rs.700 crore raised by Shriram Transport Finance Company.

Seven issuances On the NSE, entities raised a total of Rs.3,133 crore through 7 issuances from the e-book platform on National Stock Exchange (NSE) above the issue size of Rs.2,935 crore.