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Reliance Industries Ltd. successfully raised Rs.3500 crs. on BSE BOND platform

Oct 19th, 2018 7:04 pm | By | Category: LATEST NEWS

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Mumbai, October 19, 2018: 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. the Reliance Industries Limited successfully raised Rs. 3500 crores by issuing bonds on private placement basis using BSE BOND platform.

Speaking on this occasion oumyo Dutta, Group Treasurer – Reliance Industries Limited said “At Rs. 3500 crore, this is the largest ever 10 year bond issuance on the EBP platform of BSE. The new age digital platform has now made fund raising from the domestic capital market, much more efficient. There was a robust demand for our paper with interest coming in from all segments of the market – bank treasuries, mutual funds and long term investors like EPFO and pension funds.”

Speaking on this occasionAshishkumar Chauhan, CEO & MD BSE said, “We are delighted that Reliance Industries Limited has successfully raised Rs. 3500 crores using BSE BOND platform, a market leading platform for bond raising in India. BSE firmly believes that Indian Bond Market is experiencing a generous growth, and this surely is a testimony of Investors’ confidence. India surely is seeing smarter and innovative ways of multiplying its domestic savings.

BSE has been a market leader for bond issuances using BSE bond platform which enjoys 61% market share. BSE’s platform has been a preferred choice for companies to raise Debt Capital in India. Since commencement from July 2016; 129 Issuers have done 1,254 issues of bonds and have successfully raised Rs. 5,24,316/- crores using BSE Debt platforms. Some of the esteemed issuers include Reliance Jio, PFC, RECL, IRFC, PGCI, NHAI, HDFC, Axis Bank, PGCI, NABARD, Yes Bank, Andhra Pradesh Capital Region Development Authority etc.

In FY16-17, BSE listed 2353 Instruments with an amount totalling to Rs 420,660/- crore. In FY17-18, BSE has listed 1996 Instruments with an amount totalling to Rs 428,905/- crore. In F.Y. 2018-19 (till September), Exchange has listed 942 instruments with an amount totalling Rs 1,35,846/- crore.

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