Share on StockTwits
Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Andhra Pradesh Capital Region Development Authority successfully raised Rs.2000 crores on BSE BOND platform


Mumbai - August 16, 2018 ( Newswire) 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.

On August 14, 2018, Andhra Pradesh Capital Region Development Authority ("APCRDA") successfully raised Rs. 2000 crores by issuing bonds on private placement basis using BSE BOND platform.

Shri Nara Chandrababu Naidu Hon'ble Chief Minister of Andhra Pradesh said "Amaravati Bond 2018 has created history by over subscription raising Rs 2000 Cr and is the testimony of investors' confidence in the state of Andhra Pradesh and Amaravati. This will help in developing Amaravati as smart, sustainable and happy city and as a global destination of people, jobs and investments."

Speaking on this occasion Shri Ashishkumar Chauhan, CEO & MD BSE said, "I am delighted that Andhra Pradesh Capital Region Development Authority ("APCRDA") is able to raise Rs. 2000 crores successfully using BSE BOND platform, a market leading platform for bond raising in India. It's indeed remarkable that the very first issue of APCRDA on BSE BOND platform has received such an overwhelming response. 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."

Dr Sreedhar Cherukuri, Commissioner, Andhra Pradesh Capital Region Development Authority and Capital Area said " In an unprecedented manner in the history of history of urban local bodies, Amaravati Bond raised Rs 2000 Cr with 1.53 times over subscription. The investors' confidence in Greenfield Smart City Amaravati helps APCRDA to develop it on fast track."

BSE has been a market leader for bond issuances using BSE bond platform which enjoys 60% market share. BSE's platform has been a preferred choice for companies to raise Debt Capital in India. Since commencement from July 2016; 120 Issuers have done 1,133 issues of bonds and have successfully raised Rs. 4, 85,732/- crores using BSE Debt platforms. Some of the esteemed issuers include PFC, RECL, IRFC, PGCI, NHAI, HDFC, Axis Bank, PGCI, NABARD, Yes Bank 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 July), Exchange has listed 611 instruments with an amount totalling Rs 89,595/- crore.

Media Contact

Yatin Padia / Rahul Vyas
022 2272 8516 / 2272 8472 /

DISCLAIMER : The contents of this message may be legally privileged and confidential and are for the use of the intended recipient(s) only. It should not be read, copied and used by anyone other than the intended recipient(s). If you have received this message in error, please immediately notify the sender, preserve its confidentiality and delete it. Before opening any attachments please check them for viruses and defects.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy:

Follow Us on StockTwits