Reliance Industries Limited successfully raised Rs.3500 crores on BSE BOND platform
Mumbai - October 19, 2018 (Investorideas.com 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 October 16, 2018, Reliance Industries Limited successfully raised Rs. 3500 crores by issuing bonds on private placement basis using BSE BOND platform.
Speaking on this occasion Shri Soumyo 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 occasion Shri Ashishkumar 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.
Yatin Padia / Rahul Vyas
022 2272 8516/ 2272 8472
Yatin.email@example.com / Rahul.firstname.lastname@example.org
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com 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: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
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: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.