Food Corporation of India (“FCI”) raises Rs. 8000 crores on BSE BOND platform
Mumbai : October 21, 2020: BSE, Asia’s oldest exchange and now world’s fastest stock exchange with the speed of 6 microseconds, on 1stJuly 2016 had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis.
Food Corporation of India (FCI) successfully raised Rs. 8000 crores by issuing bonds on private placement basis using BSE BOND platform on October 21, 2020. FCI received 351 bids on BSE BOND platform for Rs 27,392.40 crores more than 13.5 times of the issue size.
BSE is steering its efforts to help India Inc in raising funds during the Covid 19 pandemic. In the current month of October 2020 corporate bonds and commercial papers of Rs. 1,03,202.05 crore got listed at BSE.
In F.Y. 2020-21, BSE’s Debt Platforms have enabled corporate India to list debt instruments (bonds and commercial papers) worth Rs. 8,32,545.1 crore ($ 68.70 billion) as on (October 21, 2020) as against Rs. 9,05,016.85 crore (USD 122.78 billons) in the previous financial year 2019-20
BSE has a dominate market share since last several years in corporate debt listing and distribution owing to its superior technology, better service and good reach across various cities in India.
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 Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (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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