The first half of the present financial year witnessed a mobilisation through bonds on

RELATED ARTICLES 500m Indians need new homes over the next decade PAC slams AI for getting planes by raising debt Corporate debt revamp drops in third quarter AI debt row: Bankers outweigh credit rating over provisioning FIIs invest over Rs 15,000 cr in debt, equities this month

a private placement basis of Rs 83,961 crore, mobilised by only 108 institutions and corporates, according to data with PRIME Database.

On a period-on-period basis, the April-September period’s raising of Rs 83,961 crore meant an increase of 25 per cent over the Rs 67,108 crore mobilised in the corresponding period of the previous year, according to Prithvi Haldea of PRIME, which reports deals which have a tenor and put/call option of more than 1 year.

It may be mentioned that the entire 2001-02, 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 and 2008-09 years had witnessed mobilisation of Rs 45,427 crore, Rs 48,424 crore, Rs 48,428 crore, Rs 55,409 crore, Rs 81,846 crore, Rs 93,855 crore, Rs 115,423 crore and Rs 174,327 crore, respectively. According to PRIME, all-India financial institutions and banks recorded a 20 per cent increase to Rs 50,268 crore compared to Rs. 41,758 crore in the same period of the previous year.

“The sector which witnessed a significant growth was the public sector undertaking whose mobilisation went up by 131 per cent from Rs 3,152 crore to Rs 7,277 crore. A fall in mobilisation came from state financial institutions, down by 33 per cent to Rs 20 crore compared to Rs 30 crore in the corresponding period of the previous year. State level undertaking mobilisation also came down by 27 per cent to Rs 192 crore compared to Rs 263 crore in the corresponding period of the previous year,” Haldea said.

Government organisations and financial institutions, put together, witnessed an increase in their domination, mobilising 69 per cent of the total amount, up from 67 per cent in the previous year’s corresponding period, according to PRIME. Among government organisations, all-India financial institutions and banks led with a 60 per cent share.

The highest mobilisation through debt private placements during the period was by REC (Rs 9,104 crore), followed by PFC (Rs 6,082 crore), Tata Motors (Rs 4,200 crore), IDFC (Rs 3,559 crore), LIC Housing (Rs 2,830 crore), HDFC (Rs 2,500 crore), ICICI Bank (Rs 2,500 crore), PGCIL (Rs 2,392 crore), IRFC (Rs 2,311 crore) and Tata Steel (Rs 2,151 crore).