NRSS XXIX Transmission Limited, SPV of Sterlite Power successfully raised Rs.3000 crores on BSE BOND platform
Mumbai, November 27, 2018: BSE, Asia’s oldest and world’s fastest stock exchange, had launched a platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis on 1st July 2016. On November 27, 2018, NRSS XXIX Transmission Limited successfully raised Rs. 3,000 crores by issuing bonds on private placement basis using the same platform.
“We are proud to have completed this important transmission line project in Kashmir, ahead of schedule. These AAA bonds have been fully subscribed on the BSE BOND platform and help to deepen the much-needed infrastructure bond market in India” said Pratik Agarwal, Group CEO, Sterlite Power.
BSE has been a market leader for bond issuances and the BSE’s platforms have been a preferred choice for companies to raise Debt Capital in India. Since its inception, on July 1, 2016, 131 Issuers have done 1,358 issues of bonds and have successfully raised Rs. 5,71,944 crores using BSE Debt platforms. Some of the esteemed issuers include PFC, RECL, IRFC, PGCI, NHAI, HDFC, Axis Bank, PGCI, NABARD, HUDCO, Yes Bank, Reliance Industries Limited, Reliance Jio Infocomm etc.
Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 12,500 circuit kms and 20,500 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”).
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