Indian companies raise $2 bn in debt from Six Swiss Exchange

KOLKATA: Some eight Indian firms including six banks raised nearly USD 2 billion in debt from Six Swiss Exchange between 2012-14.

"Nearly, USD 2 billion equivalent had been raised in total 10 debt issuance from six banks and two corporates of India from 2012 and December 2014 mostly in swiss francs," Six Swiss Exchange COO Urs Widmer said.

The Zurich-headquartered independent bourse was eyeing more participation from Indian companies and financial institutions in equity issuance after healthy interest in debt.

The exchange, which has USD 1.3 trillion market capitalization, is now seeking more equity participation from Indian corporate sector and was carrying out roadshows.

SBI, Union Bank, ICICI Bank, Bharat Petroleum are among a few issuers in the exchange.