Fund raising via private placement bonds hit 9 month low in May

Tags: bonds, Fund, Companies
Indian companies mopped up over Rs 9,000 crore through private placement of corporate debt securities or bonds in May, the lowest in nine months.

In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.

According to the data available with the Securities and Exchange Board of India (Sebi), companies garnered in May a total of Rs 9,070 crore from debt on a private placement basis through 83 issues.

This was the lowest amount raised by companies through private placement of debt securities in a month since August 2013, when they had garnered Rs 2,089 crore.

"In the corporate debt market, Rs 23,574 crore was mopped up through 300 issues by way of private placement listed at BSE and NSE during April 2014, compared to Rs 9,070 crore raised through 83 issues in May," Sebi said.

Fund raising through private placement has been lately subdued owing to a good performance of the equities in the stock market.

With the latest fund mobilisation, overall capital raised through private placement of debt securities, so far, reached Rs 32,644 crore in the current financial year (2014-15), against Rs 2.76 lakh crore mobilised during the last financial year (2013-14).

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • India needs to think quick and act fast to crank up its crude reserves

    With China overtaking the US in crude oil imports in April with imports at 7.4 million barrels per day, its thirst for building reserves and proving i

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Politics has to be about problem solving

One of the most common sights every morning at major ...

Kuruvilla Pandikattu SJ

Start meditating to preserve grey matter

Since 1970, life expectancy around the world has risen dramatically, ...

Gautam Gupta

It’s ethnic wear all the way in Indian fashion

India is one of the most diverse countries in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture