SPV of Sterlite Power Raised Rs 3000 crore on BSE Platform

BSE had launched a platform for Electronic Book Mechanism ‘BSE BOND’ for issuance of debt securities on private placement basis on 1st July 2016.

BSE had launched a platform for Electronic Book Mechanism ‘BSE BOND’ for issuance of debt securities on private placement basis on 1st July 2016. On November 27, 2018, NRSS XXIX Transmission successfully raised Rs 3,000 crore by issuing bonds on private placement basis using the same platform.

“We are proud to have completed this important transmission line project in Kashmir, ahead of schedule. These AAA bonds have been fully subscribed on the BSE BOND platform and will help to deepen the much-needed infrastructure bond market in India,” said Pratik Agarwal, Group CEO, Sterlite Power.

BSE has been a market leader for bond issuances and the BSE’s platforms have been a preferred choice for companies to raise Debt Capital in India. Since its inception, on July 1, 2016, 131 Issuers have done 1,358 issues of bonds and have successfully raised Rs 5,71,944 crore using BSE Debt platforms. Some of the esteemed issuers include PFC, RECL, IRFC, PGCI, NHAI, HDFC, Axis Bank, PGCI, NABARD, HUDCO, Yes Bank, Reliance Industries Limited, Reliance Jio Infocomm etc.

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