The Indian corporate sector and institutions raised Rs 83,961 crore through private debt placements with a tenure of over one year in the first half of 2009-10. The fund raised is 25 per cent more compared with the fund raised during the same period last year.
During the period, number for all-India financial institutions, banks saw 20 per cent increase in fund raising, from Rs 41,758 crore in the first half of last year to Rs 50,268 crore in the present period.
“The first half of the current fiscal witnessed a mobilisation through bonds on private placement basis of Rs 83,961 crore, mobilised by 108 institutions and corporate bodies. A 25 per cent increase over Rs 67,108 crore mobilised in the
corresponding period of the previous year,” said Prithvi Haldea of Prime Database, a database on debt private placements.
The study by Prime Batabase covers deals with tenor and put/call option of over 1 year. The report shows public sector undertaking as the sector that has seen significant growth with mobilisation went shooting 131 per cent from Rs 3,152 crore to Rs 7,277 crore.
Meanwhile, mobilisation by state financial institutions fell 33 per cent, from Rs 30 crore to Rs 20 crore. State level undertaking also came down 27 per cent from Rs 263 crore fund mobilised through debt private placements in first half of previous year to Rs 192 crore in the present period.