Fund mobilisation via pvt placements dips 8%
Mobilisation of funds through private placement of bonds dipped by 8% to Rs 48,164 crore in the first six months of the financial year ending.
By TNN |
KOLKATA: Mobilisation of funds through private placement of bonds dipped by 8% to Rs 48,164 crore in the first six months of the financial year ending March 31, 2008, compared to Rs 52,220 crore mobilised in the earlier corresponding period.
Figures collated by Delhi-based research firm Prime Database indicated that the financial services sector continued to dominate the market collectively on an industry-wise basis raising Rs 43,542 crore or 90% of the total amount during the said period. Power sector occupied the second slot raising about 4% or Rs 1,947 crore.
The study only reflect deals which have a tenor and put/call option of more than one year.
Private placement of bonds by financial institutions (FIs) and banks mopped up Rs 36,371 crore during the April-September period under review — witnessing a 10% decline over Rs 40,283 crore in the corresponding period last fiscal. Mobilisation by the private sector was 78% higher at at Rs 11,470 crore during the said period compared to Rs 6,428 crore the previous corresponding period.
Mobilisation by state financial institutions declined by 94% to Rs 73 crore during the period under review compared to Rs 1,140 crore in the previous corresponding period. That from state level undertakings too dipped by 50% during the April-September period to Rs 150 crore from Rs 300 crore mobilised in the corresponding period previous year.
Government organisations and FIs, collectively witnessed a decrease in their domination, mobilising 76% of the total amount during the April-September period, down from 88% in the earlier corresponding period. Among government organisations, all-India FIs/banks led with an 76% share, followed by a 0% share by public sector undertakings, a 0% share by state financial institutions and 0% share by state level undertakings.
The highest mobilisation through debt private placements during the period under review was primarily by Nabard (Rs 7,788 crore) followed by SBI (Rs 6,023 crore), HDFC (Rs 3,950 crore), IRFC (Rs 3,440 crore), and PFC (Rs 3,182 crore).
In addition to one-year tenor mobilisation of Rs 48,164 crore, a significant additional amount of Rs 24,617 crore was raised through 411 deals of less than one-year tenor debentures by 34 issuers. Moreover, an amount of Rs 9,200 crore in 64 deals was raised through pass-through certificates (securitised paper).
Figures collated by Delhi-based research firm Prime Database indicated that the financial services sector continued to dominate the market collectively on an industry-wise basis raising Rs 43,542 crore or 90% of the total amount during the said period. Power sector occupied the second slot raising about 4% or Rs 1,947 crore.
The study only reflect deals which have a tenor and put/call option of more than one year.
Private placement of bonds by financial institutions (FIs) and banks mopped up Rs 36,371 crore during the April-September period under review — witnessing a 10% decline over Rs 40,283 crore in the corresponding period last fiscal. Mobilisation by the private sector was 78% higher at at Rs 11,470 crore during the said period compared to Rs 6,428 crore the previous corresponding period.
Mobilisation by state financial institutions declined by 94% to Rs 73 crore during the period under review compared to Rs 1,140 crore in the previous corresponding period. That from state level undertakings too dipped by 50% during the April-September period to Rs 150 crore from Rs 300 crore mobilised in the corresponding period previous year.
Government organisations and FIs, collectively witnessed a decrease in their domination, mobilising 76% of the total amount during the April-September period, down from 88% in the earlier corresponding period. Among government organisations, all-India FIs/banks led with an 76% share, followed by a 0% share by public sector undertakings, a 0% share by state financial institutions and 0% share by state level undertakings.
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The highest mobilisation through debt private placements during the period under review was primarily by Nabard (Rs 7,788 crore) followed by SBI (Rs 6,023 crore), HDFC (Rs 3,950 crore), IRFC (Rs 3,440 crore), and PFC (Rs 3,182 crore).
In addition to one-year tenor mobilisation of Rs 48,164 crore, a significant additional amount of Rs 24,617 crore was raised through 411 deals of less than one-year tenor debentures by 34 issuers. Moreover, an amount of Rs 9,200 crore in 64 deals was raised through pass-through certificates (securitised paper).
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