Moneycontrol PRO
HomeNewsBusinessCompaniesDebt sales jump to record Rs 3.43 lakh cr in April-December

Debt sales jump to record Rs 3.43 lakh cr in April-December

April-December saw Rs 3,43,898 crore being raised, a jump of 15 percent over Rs 2,99,725 crore in the same period of the previous fiscal, led primarily by the private sector, Prime Database president Sanjeev Khandelwal said.

March 04, 2016 / 10:50 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Corporate debt mobilisation through the private placement route rose 15 percent to Rs 3,43,898 crore during the first nine months of the current fiscal - the highest ever so far.

    April-December saw Rs 3,43,898 crore being raised, a jump of 15 percent over Rs 2,99,725 crore in the same period of the previous fiscal, led primarily by the private sector, Prime Database president Sanjeev Khandelwal said.

    As per the data collated by Prime Database, which operates the country's only database on debt private placements, the money was mobilised by 470 institutions and corporates.

    The agency said the data include only those deals which have a tenor and put/call option of above 365 days.

    The highest mobilisation was made by the private sector at Rs 1,93,639 crore as against Rs 1,31,345 crore y-o-y, representing an increase of 47 percent.

    Financial institutions/banks, however, raised 8 percent less than what they did last year at Rs 1,27,254 crore.

    Similarly, mop-up by public sector undertakings also was down by 4 percent at Rs 22,503 crore, and so was debt raising by state level undertakings, which plunged as much as 91 percent to just Rs 502 crore.

    Mobilisation by state-level financial institutions was nil compared with Rs 883 crore a year ago.

    Government companies and financial institutions together mobilised 32 percent of the total amount, down 43 percent over the previous year. Out of the total, financial institutions/banks contributed 79 percent, followed by PSUs at 20 percent.The highest mobilisation came from PFC, raising Rs 21,112 crore, followed by LIC Housing at Rs 17,343 crore, HDFC Rs 15,376 crore and REC Rs 12,931 crore.The financial services sector continues to dominate the market, collectively raising Rs 2,23,647 crore, or 65 per cent of the total, followed by power with a 9 per cent share at Rs 32,086 crore.According to the agency, the highest full-year mobilisation through debt private placement so far was in 2014-15 when corporates lapped up Rs 4,65,643 crore followed by Rs 3,52,759 crore in 2012-13 and Rs 2,87,893 crore in 2013-14.

    first published: Mar 4, 2016 10:44 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347