NE NEWS SERVICE
MUMBAI, DEC 19
Aditya Birla Finance Limited, JSW Steel Limited, KEC International Limited, Aditya Birla Money Limited and Fullerton India Credit Company Limited made an application to list Commercial Paper at BSE for an issue size of Rs. 500 crore, Rs. 165 crore, Rs. 150 crore, Rs. 50 crore and Rs. 25 crore, respectively. Post process, the effective date of listing for the same at BSE is December 19, says a BSE release
Till date 16 Issuers have done 32 issuances of Commercial Paper and have successfully listed CPs of Rs. 17,835 crore on BSE. The weighted average yield of these issuances is 5.30% with an average tenor of 116 days.
BSE is steering its efforts to help India Inc in raising funds. BSE Bond platform was launched in July 2016 and garnered fund raising of Rs. 9,18,412 ($129 billion) crore since inception. In this financial year 2019-20 (till December 13, 2019), BSE has successfully raised Rs. 2,11,930 ($29.85 billion) crore with market share of more than 62%.
