Mumbai: BSE, Asia’s oldest exchange and now world’s fastest stock exchange with the speed of 6 microseconds, on 1st July 2016 had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis.
BSE platforms for bond issuances crossed the 1 lakh crore mark of funding raising through debt securities by corporates in India. Today on November 22, 2016, IRFC and NTPC successfully raised Rs 2000 crore and Rs 700 crore respectively by issuing bonds on private placement basis using BSE BOND platform.
BSE platforms for bond issuances have been a preferred choice for companies to raise Debt Capital in India. In this Financial Year 2016-17, till November 22, 2016, 45 Issuers have done 200 issues of bonds and have successfully raised Rs. 100308 crore using BSE Debt platforms.
Market participants find the system to be user friendly, easily accessible, robust and transparent. Here are the quotes given by prominent players in the market who have used the BSE BOND system:
“An initiative by BSE that will bring about greater transparency and help further strengthen the bond markets”- Mr Hemen Shah, National Head-Treasury, Bajaj Finance Limited
“We congratulate BSE & Team for providing a strong Electronic Bidding Platform (for private placement of Debt Securities). The same is convenient to use and has improved processing time with market participants. We also appreciate the continued support given by your team to Kotak Mahindra Prime Ltd (KMP) for effective use of the platform. We wish BSE continued success to further deepen and develop the Corporate Bond segment in India and look forward to continue KMP partnership with BSE for the years to come”- Mr Harish Shah, Chief Financial Officer, Kotak Mahindra Prime Limited
“We congratulate BSE and it’s team to introduce a system which is simple to use, robust and helped to raise capital in the most cost effective and transparent manner”. Mr Neeraj Kumar, Director Finance, IRFC
“We found BSE BOND system to be very user friendly and dynamic which helped us complete the issuances swiftly and in cost effective manner. Further your team was very customer friendly and were available to serve us at any time. We thank you and your team for all support extended to us and truly appreciate the initiative of electronic book building platform BSE BOND system by BSE Limited.” Ritesh Shiyal, Chief Financial Officer, Reliance Ports and Terminals Limited.