Corp bond pvt placements up 13% in FY07
Mobilisation of funds through private placement of corporate bonds rose 13% to Rs 92,355 crore in the financial year.
By TNN |
KOLKATA: Mobilisation of funds through private placement of corporate bonds rose 13% to Rs 92,355 crore in the financial year ended March 2007, compared to Rs 81,847 crore in the previous fiscal.
Figures collated by Prime Database, a Delhi-based research firm, suggests the financial services sector continued to dominate the market collectively on an industry-wise basis raising Rs 82,982 crore or 90% of the total amount. The power sector raised 7% or Rs 6,748 crore, followed by roads & highways (Rs 585 crore).
The study takes into account deals that have a tenor and put/call option of more than a year.Financial institutions (FIs) and banks mopped up Rs 69,693 crore through private placement of bonds in April-March, an increase of 13% over Rs 61,614 crore in the corresponding of the previous fiscal. Mobilisation by the private sector at Rs 14,540 crore was 83% higher compared to Rs 7,944 crore in the previous year.
Mobilisation by state financial institutions registered a 97% jump to Rs 1,192 crore during the year under review, compared to Rs 604 crore in the previous fiscal.
Fund raising by PSUs fell 43% to Rs 6,178 crore in the year from Rs 10,796 crore in the previous fiscal. Mobilisation by state-level undertakings also dipped by 15% to Rs 752 crore during April-March from Rs 889 crore last year.
Government organisations and FIs collectively witnessed a decrease in domination, mobilising 84% of the total amount, down from 90% in the previous year. Among government organisations, all-India FIs & banks led with 75% share, followed by PSUs (7%), state financial institutions (1%) and state-level undertakings (1%).
In addition to one-year tenor mobilisation of Rs 92,355 crore, a whopping Rs 34,435 crore was raised through 805 deals of less than one-year tenor bonds by 68 issuers. Moreover, Rs 6,670 crore was raised through pass-through certificates (securitised paper) in 45 deals.
Figures collated by Prime Database, a Delhi-based research firm, suggests the financial services sector continued to dominate the market collectively on an industry-wise basis raising Rs 82,982 crore or 90% of the total amount. The power sector raised 7% or Rs 6,748 crore, followed by roads & highways (Rs 585 crore).
The study takes into account deals that have a tenor and put/call option of more than a year.Financial institutions (FIs) and banks mopped up Rs 69,693 crore through private placement of bonds in April-March, an increase of 13% over Rs 61,614 crore in the corresponding of the previous fiscal. Mobilisation by the private sector at Rs 14,540 crore was 83% higher compared to Rs 7,944 crore in the previous year.
Mobilisation by state financial institutions registered a 97% jump to Rs 1,192 crore during the year under review, compared to Rs 604 crore in the previous fiscal.
Fund raising by PSUs fell 43% to Rs 6,178 crore in the year from Rs 10,796 crore in the previous fiscal. Mobilisation by state-level undertakings also dipped by 15% to Rs 752 crore during April-March from Rs 889 crore last year.
Government organisations and FIs collectively witnessed a decrease in domination, mobilising 84% of the total amount, down from 90% in the previous year. Among government organisations, all-India FIs & banks led with 75% share, followed by PSUs (7%), state financial institutions (1%) and state-level undertakings (1%).
ADVERTISEMENT
In addition to one-year tenor mobilisation of Rs 92,355 crore, a whopping Rs 34,435 crore was raised through 805 deals of less than one-year tenor bonds by 68 issuers. Moreover, Rs 6,670 crore was raised through pass-through certificates (securitised paper) in 45 deals.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
