Thursday, Apr 25 2024 | Time 03:32 Hrs(IST)
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Business Economy


Bharat BOND ETF deploys funds amounting to Rs 11,000 cr through BSE BOND platform

Mumbai, Aug 7(UNI) BSE had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis.
Twelve PSUs raised Rs 17,370 crore under BHARAT Bond ETF programme launched by Department of Investment and Public Asset Management (DIPAM).
The aggregate issue size of bonds was Rs. 17,370 crore with base issue size of Rs.3,670 crore and Green Shoe Option of Rs.11,000 crore reserved exclusively for BHARAT Bond ETF.
These bonds issues successfully took place on BSE BOND platform between July 27, 2020 to August 07, 2020 and BHARAT Bond ETF has successfully participated in these issues.
It may be noted that in the subscription for Bharat Bond ETF NFO issue, BSE's platforms StarMF and BIMF contributed 83 pc of total subscription received from the Exchanges platforms.
Speaking on this occasion Mr Ashishkumar Chauhan, CEO & MD BSE said, "I am delighted that 12 PSUs are able to raise Rs. 17,370 crore successfully using BSE BOND platform, a market leading platform for bond raising in India. BSE firmly believes that Indian Bond Market is tapping ample potential for sizeable growth and India is parking its domestic savings in the most judicious manner.”
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