Bharat Sanchar Nigam Limited (BSNL) bond issue raises Rs 8500 crores on BSE BOND platform

BSNL Bond BSE: Bharat Sanchar Nigam Limited (BSNL) made its first ever bond issue successfully and raised Rs 8500 crores by issuing bonds on private placement basis using BSE BOND platform on September 21, 2020. In total, 229 bids for Rs 17,183.10 crores were received on BSE BOND Platform.

Speaking on this occasion Girish Joshi, Chief Trading Operations and Listing Sales, BSE said, "BSE BOND platform helps corporates to raise debt capital in the transparent and efficient way and is glad to be associated with fund raising by companies to uplift the growth of the Indian economy.”

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.

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BSE is steering its efforts to help India Inc in raising funds. In F.Y. 2020-21, BSE’s Debt Platforms have enabled corporate India to list debt instruments worth Rs. 2,65,426 crore ($ 36.10 billion) as on (September 20, 2020). Of this, BSE has successfully raised Rs. 1,83,538 crore ($ 24.96 billion) with market share of around 59% via BSE BOND platform (as on September 20, 2020). This platform was launched in July 2016 and garnered fund raising of Rs.13,01,065 crore ($176.96billion) since inception.