Bharat BOND ETF deploys funds amounting to Rs.11,000 crore through BSE BOND platform
Mumbai, August 07, 2020: 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.
12 PSUs raised Rs 17,370 crore under BHARAT Bond ETF programme launched by Department of Investment and Public Asset Management (“DIPAM”). The aggregate issue size of bonds was Rs. 17,370 crore with base issue size of Rs.3,670 crore and Green Shoe Option of Rs.11,000 crore reserved exclusively for BHARAT Bond ETF. These bonds issues successfully took place on BSE BOND platform between July 27, 2020 to August 07, 2020 and BHARAT Bond ETF has successfully participated in these issues.
It may be noted that in the subscription for Bharat Bond ETF NFO issue, BSE's platforms StarMF and BIMF contributed 83% of total subscription received from the Exchanges platforms.
Speaking on this occasion Shri Ashishkumar Chauhan, CEO & MD BSE said, "I am delighted that 12 PSUs are able to raise Rs. 17,370 crore successfully using BSE BOND platform, a market leading platform for bond raising in India. BSE firmly believes that Indian Bond Market is tapping ample potential for sizeable growth and India is parking its domestic savings in the most judicious manner.”
BSE is steering its efforts to help India Inc in raising funds. In F.Y. 2020-21, BSE’s Debt Platforms have enabled corporate India to list debt instruments worth Rs. 2,03,580 crore ($ 27.16 billion) as on (August 07, 2020). Of this, BSE has successfully raised Rs. 1,55,717 crore ($ 20.77 billion) with market share of around 61% via BSE BOND platform (as on August 07, 2020). This platform was launched in July 2016 and garnered fund raising of Rs.12,68,615 crore ($ 169.25 billion) since inception.
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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