Reliance Industries raises Rs 3\,500 cr on BSE BOND platform

Reliance Industries raises Rs 3,500 cr on BSE BOND platform

Press Trust of India  |  New Delhi 

Leading exchange Friday said has garnered Rs 3,500 crore by issuing bonds on private placement basis on the bourse's mechanism platform.

"On October 16, 2018, Ltd successfully raised Rs 3,500 crore by issuing bonds on private placement basis using platform," the exchange said in a statement.

Since its commencement, 129 issuers have undertaken 1,254 issues of bonds and raised Rs 5.24 lakh crore using this platform.

Among the issuers are Reliance Jio, National Highways Authority of India, HDFC, Axis Bank, National Bank for Agriculture and Rural Development, and

"At Rs 3,500 crore, this is the largest ever 10 year 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," said Soumyo Dutta, Group Treasurer -

According to BSE's Ashishkumar Chauhan, the exchange firmly believes that Indian bond market is experiencing a generous growth.

"surely is seeing smarter and innovative ways of multiplying its domestic savings," Chauhan said.

In the financial year 2018-19 (till September), the BSE has listed 942 instruments with an amount totalling Rs 1.36 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 19 2018. 20:20 IST