Media Release
BSE Bond platform today has successfully managed bond issuance for NTPC Limited & HUDCO Limited
Mumbai, September 14, 2016: 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.
“BSE Bond” platform has successfully managed bond issuance by Power Finance Corporation Ltd (PSU) amounting to Rs.2,470 crore on September 09, 2016. Today on September 14, 2016, NTPC Limited and HUDCO Limited successfully raised Rs 670 crore and Rs. 700 crore respectively by issuing bonds on private placement basis using BSE BOND platform.
Speaking on this occasion Shri Ashishkumar Chauhan, MD & CEO, BSE said "we are delighted with the response we have received from the companies including private sector, PSUs, housing finance companies etc for BSE Bond platform. Scores of investors have given their positive feedback on the BSE BOND P platform by using this platform for their investment decisions extensively. It is heartening to note that BSE BOND platform has become India's premier Bond Distribution platform within one month of launch. Success of BSE BOND platform shows the continual technological and service superiority that BSE offers to the market participants"
BSE platforms for bond issuances have been a preferred choice for companies to raise Debt Capital in India. In this Financial Year 2016-17, till September 14, 2016, 24 Issuers have done 98 issues of bonds and have successfully raised Rs. 42,336 crore using BSE Debt platforms.
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