84 Issuers have done listing of 685 issuances of Commercial Paper worth Rs 2,05,532 Crore on the exchange
MUMBAI: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds on November 26, 2019 announced the Framework for Listing of Commercial Paper (“CP”), enabling the listing on BSE for commercial papers issued on or after November 27, 2019. The same is in reference to SEBI Circular SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated October 22, 2019.
Housing Development Finance Corporation Limited, Tata Steel Limited, Reliance Jio Infocomm Limited, BASF India Limited & IIFL Wealth Finance Limited made an application to list their Commercial Papers at BSE for Issue Size of Rs. 3,650 Crores, Rs. 2,500 Crores, Rs. 1000 Crores, Rs. 300 Crores & Rs. 200 Crores respectively. Post process, the effective date of listing for the same at BSE is January 17, 2020.
Till date 84 Issuers have done 685 issuances of Commercial Papers and have successfully listed CPs of Rs. 2,05,532 Crores on BSE. The weighted average yield of these issuances is 6.52% with an average tenor of 148 days.
BSE is steering its efforts to help India Inc in raising funds. In F.Y. 2019-20, BSE’s Debt Platforms have enabled corporate India to list debt instruments worth Rs. 5,56,194 crores ($ 78.62 billion) as on (January 16, 2020). Of this, BSE has successfully raised Rs. 2,36,894 crores ($33.42 billion) with market share of around 60% via BSE BOND platform as on (January 15, 2020). This platform was launched in July 2016 and garnered fund raising of Rs. 9,43,376 crores ($ 133.09billion) since inception.
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