//India Inc raises Rs 47,599 crore via bonds till Dec

India Inc raises Rs 47,599 crore via bonds till Dec

New Delhi, Feb 17  Fund mobilisation by corporates and institutions through bonds rose by 42% to Rs 47,599 crore in the first nine months of the current fiscal.

The debt mobilisation having a tenor of more than one year at Rs 47,599 crore in April-December was by 78 institutions and corporates, compared to Rs 33,553 crore mobilised in the corresponding period of the previous fiscal, according to Prithvi Haldea of Prime Database.

The highest mobilisation through debt private placements during the period was by FCI (Rs 4,581 crore), followed by HDFC (Rs 4,325 crore), IDBI (Rs 3,446 crore), SBI (Rs 3,283 crore), PFC (Rs 2,542 crore) and IOC (Rs 2,225 crore).

It may be mentioned that full 2001-02, 2002-03, 2003-04 and 2004-05 had witnessed mobilisition of Rs 45,427 crore, Rs 48,424 crore, Rs 48,428 crore and Rs 55,184 crore, respectively.

An increase in mobilisation came from all-India financial institutions/banks which recorded a 56% increase to Rs 31,536 crore compared to Rs 20,196 crore in the corresponding period of the previous year. The leader in this category was HDFC (Rs 4,325 crore) followed by IDBI (Rs 3,446 crore).

PILING UP

• Fund mobilisation by corporates and institutions via bonds rose by 42%
• Rs 33,553 crore was mobilised in the corresponding period of the previous fiscal
• The highest mobilisation through debt private placements during the period was by FCI
(Rs 4,581 crore)
The biggest increase came in the raisings by PSUs at Rs 8,548 crore in the current period as against Rs 1,489 crore raised in the previous year’s corresponding period. Major mobiliser was FCI (Rs 4,581 crore) followed by IOC (Rs 2,225 crore).

Compared to the same period in previous year, the sector that witnessed a major decline in mobilisation was the state financial institutions, down by 64% from Rs 658 crore to Rs. 237 crore.

Leading the mobilisers in this sector was WBFC (Rs 85 crore) followed by Gruh Finance (Rs 75 crore). A decline in mobilisation was also recorded in state level undertakings, down by 63% from Rs 2,588 crore to Rs 948 crore.

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