BSE’s Bond platform BSE BOND helps India Inc raise more than Rs 51,989 crore during lockdown period via Commercial Papers and Corporate Bonds
Mumbai, April 22, 2020: During lockdown period starting March 23, 2020 till April 20, 2020, BSE Bond platform, the premier debt raising platform of India has raised funds worth Rs. 26,666 Cr from commercial papers via 27 corporates and Rs 25,323 Cr 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 and 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.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s?fastest Stock Exchange with a speed of 6 microseconds. BSE is?India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Limited, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Limited. (CDSL), associate company of BSE, is one of the two Depositories in India.?
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
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