26-September-2017
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Markets and Finance
 
Private placement of corporate bonds hits record Rs 2.73L cr in April-August
13-Sep-2017

Private placement of corporate bonds hit a record high of Rs 2.73 lakh crore in the first five months of fiscal year 2018, according to the data from the Securities and Exchange Board of India (Sebi). Compared with this, firms and banks had issued bonds worth Rs 2.42 lakh crore in the same period last year. This is a 12.8% rise in issuances compared with last year.The highest issuance this fiscal took place in June, amounting to Rs 75,337.32 crore, while August saw issuances at Rs 51,552.13 crore. Firms are increasingly turning towards the corporate bond and commercial paper market for their borrowing requirements with a fall in yields.

News Source:- http://www.financialexpress.com/money/private-placement-of-corporate-bonds-hits-record-rs-2-73l-cr-in-april-august/852475/