Pvt placement of bonds up 44%
Mobilisation of funds through private placement of bonds rose by 44% to Rs 50,426 crore in the first half of the financial year ending March 2007.
By TNN |
KOLKATA: Mobilisation of funds through private placement of bonds rose by 44% to Rs 50,426 crore in the first half of the financial year ending March 2007 compared with Rs 34,975 crore in the corresponding April-September period of the previous fiscal.
Figures collated by Prime Database, a Delhi-based research firm, indicate the financial services sector continued to dominate the market, collectively raising Rs 46,383 crore or 92% of the total amount. The power sector raised about 6% or Rs 2,815 crore. The study reflects deals which have a tenor and put/call option of more than one year.
FIs and banks mopped up Rs 39,219 crore through private placement of bonds during the period— an increase of 72% over Rs 22,708 crore in the previous year.State Bank of India led the pack by mobilising Rs 6,328 crore, followed by Nabard (Rs 5,711 crore), ICICI Bank (Rs 4,110 crore), HDFC (Rs 3,150 crore), Power Grid Corporation of India (PGCIL) (Rs 2,615 crore) and Citifinancial (Rs 1,920 crore).
Mobilisation by state FIs registered a 634% jump to Rs 1,300 crore compared with Rs 177 crore in the corresponding period last year. A major player in this category was West Bengal Infrastructure Development Finance Corporation (WBIDFC) at Rs 1,043 crore followed by Gruh Finance at Rs 160 crore.
Mobilisation by the private sector at Rs 6,163 crore was 16% higher compared with Rs 5,308 crore in the previous corresponding period. Fund mobilisation by public sector undertakings declined by 44% to Rs 3,443 crore from Rs 6,136 crore last year. The leader in this category was PGCIL, followed by ITI. Mobilisation by state-level undertakings, too, dipped by 54% to Rs 300 crore during the April-September period against Rs 648 crore in the corresponding period last year.
Government organisations and FIs collectively witnessed an increase in their domination, mobilising 88% of the total amount, up from 85% in the previous year’s corresponding period.
Among government organisations, FIs and banks led the pack with a 78% share, followed by a 7% share by public sector undertakings, a 3% share by state financial institutions and 1% share by state-level undertakings.
In addition to one-year tenor mobilisation of Rs 50,426 crore, an additional Rs 11,711 crore was raised through 313 deals of less than one-year tenor debentures by 43 issuers. Moreover, Rs 3,429 crore was raised through pass-through certificates (securitised paper) in 19 deals.
Figures collated by Prime Database, a Delhi-based research firm, indicate the financial services sector continued to dominate the market, collectively raising Rs 46,383 crore or 92% of the total amount. The power sector raised about 6% or Rs 2,815 crore. The study reflects deals which have a tenor and put/call option of more than one year.
FIs and banks mopped up Rs 39,219 crore through private placement of bonds during the period— an increase of 72% over Rs 22,708 crore in the previous year.State Bank of India led the pack by mobilising Rs 6,328 crore, followed by Nabard (Rs 5,711 crore), ICICI Bank (Rs 4,110 crore), HDFC (Rs 3,150 crore), Power Grid Corporation of India (PGCIL) (Rs 2,615 crore) and Citifinancial (Rs 1,920 crore).
Mobilisation by state FIs registered a 634% jump to Rs 1,300 crore compared with Rs 177 crore in the corresponding period last year. A major player in this category was West Bengal Infrastructure Development Finance Corporation (WBIDFC) at Rs 1,043 crore followed by Gruh Finance at Rs 160 crore.
Mobilisation by the private sector at Rs 6,163 crore was 16% higher compared with Rs 5,308 crore in the previous corresponding period. Fund mobilisation by public sector undertakings declined by 44% to Rs 3,443 crore from Rs 6,136 crore last year. The leader in this category was PGCIL, followed by ITI. Mobilisation by state-level undertakings, too, dipped by 54% to Rs 300 crore during the April-September period against Rs 648 crore in the corresponding period last year.
Government organisations and FIs collectively witnessed an increase in their domination, mobilising 88% of the total amount, up from 85% in the previous year’s corresponding period.
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Among government organisations, FIs and banks led the pack with a 78% share, followed by a 7% share by public sector undertakings, a 3% share by state financial institutions and 1% share by state-level undertakings.
In addition to one-year tenor mobilisation of Rs 50,426 crore, an additional Rs 11,711 crore was raised through 313 deals of less than one-year tenor debentures by 43 issuers. Moreover, Rs 3,429 crore was raised through pass-through certificates (securitised paper) in 19 deals.
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