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PFC raises Rs 4,335 cr via bond issue on BSE e-book platform

The platform -- BSE Bond-- was launched last month to facilitate online bidding for private placement of debt securities. Since the launch on July 1, it has managed 27 issuances with a cumulative issue size of Rs 9,200 crore.

August 11, 2016 / 22:35 IST
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State-run Power Finance Corporation (PFC) has raised Rs 4,335 crore from the issuance of debt securities on the BSE's newly launched electronic book mechanism platform.

There were 15 arrangers in the issue, which was conducted on coupon discovery basis.

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The platform -- BSE Bond-- was launched last month to facilitate online bidding for private placement of debt securities. Since the launch on July 1, it has managed 27 issuances with a cumulative issue size of Rs 9,200 crore.

"BSE-Bond platform has managed the largest issuance by a PSU of Rs 4,335 crores by PFC on August 10," the exchange said in a statement.