April 26, 2024 21:53 (IST)
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BSE Bond creates new record
Mumbai, July 7 (IBNS): 'BSE Bond' platform for private placement of bonds has created a new record with Rs 3700 crores of bids received in the bond issuance of Reliance Jio Infocomm Limited.
The issue size was Rs 1500 with a Green Shoe option of Rs 500 crores. The issue was oversubscribed within a few minutes of issue opening.
BSE has recently identified long term investments as the major unfulfilled need for Indian investors as Indian markets have become more speculative in nature. BSE has therefore worked decisively towards creating a robust investment culture in India. BSE corporate debt market has a market capitalization of Rs. 11,25,072 crores.
BSE has been the preferred exchange for 90% of the public debt issuances by corporates over the last 5 years. BSE has created a state of the art work flow based technology that allows Indian corporates to raise long term funds from more than 3.1 crore investors like FPIs, FIs, corporates, LLPs, partnerships, NBFCs, Banks and other entities registered with BSE.
Speaking on this occasion Ashish Kumar Chauhan, MD and CEO of BSE said “Today's issue by Reliance Jio Infocomm Limited generated an overwhelming response of more than Rs 3,700 Crores. We are delighted with the success and congratulate the entire Reliance Jio Infocomm Limited team for the tremendous success of this issue on this new platform BSE-BOND“.
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