Debt private placement mobilisation in Q1 falls 55%

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Debt mobilisation through corporate bonds on private placement basis stood at Rs 43,147 crore in the first quarter of FY15, down 55 percent from Rs 96,186 crore in the corresponding period of the previous year, according to PRIME Database. This amount was mobilized by 81 institutions and corporatesand includes only deals which have a tenor and put/call option of above 365 days.

Pranav Haldea, managing director of PRIME says the lower mobilization is on the back of lower raisings by financial institutions/banks. "Mobilisation by the All-India Financial Institutions/ Banks witnessed a huge decrease; it went down by 72 percent to Rs 13,058 crore compared to Rs 47,272 crore in the corresponding period of the previous year," he adds.

The highest mobilisation through debt private placements during the period was by HDFC (Rs 4,450 crore) followed by EXIM Bank (Rs 3,018 crore), IOT Utkal (Rs 3,000 crore), IDFC (Rs 2,730 crore), and Reliance Jio (Rs 2,500 crore).

According to Haldea, on an industry-wise basis, the financial services sector continued to dominate the market, raising Rs 26,407 crore collectively or 62 percent of the total amount, followed by the real estate sector with a 9 percent share (Rs 4,056 crore).

PRIME says the highest mobilisation in the quarter was made by the private sector at Rs 28,991 crore, against Rs 38,161 crore in Q1 FY14.

The first quarter witness a 92 percent fall in mobilisation by State Financial Institutions (SFIs) to just Rs 98 crore compared with Rs 1,251 crore in the year-ago period. PSUs’ mobilisation was nil compared to Rs 8,568 crore in the corresponding period of the previous year.

Government organisations and financial institutions together mobilised 15 percent of the total amount, less than the 47 per cent in the corresponding period of the previous year. As per PRIME, among government organisations, All-India Financial Institutions/Banks led with a 84 percent share, followed by a 15 percent share by State Level Undertakings (SLUs) and 1 per cent share by State Financial Institutions (SFIs).