Bond issuance through NSE-EBP platform crossed Rs.25,000 crore - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
Trending
Powered by Blogger.
Wednesday, August 24, 2016

Bond issuance through NSE-EBP platform crossed Rs.25,000 crore

Bond issuance through NSE-EBP platform crossed Rs. 25,000 crore
Mumbai: India’s largest stock exchange National Stock Exchange Limited’s (NSE) Electronic Bidding Platform (NSE-EBP) for corporate debt has received widespread support from corporates. NSE-EBP has exceeded Rs. 25,000 crore mark in less than two months of its launch. NSE has emerged as the preferred exchange with 33 issues worth Rs. 25,785 crore till 23 August 2016.
The exchange had launched NSE-EBP on 1st July to facilitate electronic bidding for issuance of debt securities on private placement basis.  Five Issuers have completed bond issuances above Rs. 2500 cr each on NSE-EBP. Issuers like HDFC Ltd, LIC Housing Finance Ltd, Tata Power, Indiabulls Housing Finance Ltd and Power Grid Corporation of India Ltd (among others) are using NSE EBP platform.


Mr. Mukesh Agarwal, Group head – MF & IPO, NSE and CEO- IISL & DotEx International said, "We are happy that corporates are able to use NSE - EBP platform to meet their needs. Like in other segments, NSE has emerged as the preferred exchange with around 75 percent market share in this segment too. Going forward, we expect more corporates to use this platform.”

The NSE-EBP platform is designed with a user friendly web-based interface which makes the system accessible from any web-enabled device. The salient feature of this platform is the transparent price discovery mechanism. The Electronic book mechanism is mandatory for all private placements of debt securities in primary market with an issue size of INR 500 cr and above, inclusive of green shoe options, if any.


About National Stock Exchange of India (NSE):

In its 23 year history, NSE has transformed the capital market, based on technology, innovation, high standards of governance and management practices. NSE's business practices and high levels of integrity have earned it the trust of the financial markets worldwide. 

Besides being a platform of choice for all exchange traded financial products in India, NSE’s flagship index, the Nifty 50, has become a benchmark national level economic parameter. Since inception, the exchange has been covered extensively by global media and has won many accolades as recognition of this remarkable journey. For more information, please visit: www.nseindia.com


For more details, please contact 
Arindam Saha | Editor and Communications Head
Mobile: +91 – 9930019202 | 09903036100

Direct: +91– 022 – 2659 8164
Twitter: @NSEIndia

Bond issuance through NSE-EBP platform crossed Rs.25,000 crore Reviewed by S. Chitra on August 24, 2016 Rating: 5 Bond issuance through NSE-EBP platform crossed Rs. 25,000 crore M umbai:   India’s largest stock exchange National Stock Exchange Limite...

No comments:

Google+ Followers