Debt raising via pvt placement at Rs 2.32 lk cr in Apr-Dec

Corporates had raised Rs 1.80 lakh crore during the same period in the previous fiscal.

Last Updated: Mar 11, 2013, 19:35 PM IST

Mumbai: Around 200 institutions and corporate houses raised Rs 2.32 lakh crore of debt through private placements during the April-December period, up 29 percent over the corresponding period last fiscal, Prime Database said in a report.

Corporates had raised Rs 1.80 lakh crore during the same period in the previous fiscal.

According to Prime Database, the biggest mobilisation was made by financial institutions and banks at Rs 1.28 lakh crore, up 10 percent over the same period last year.

While mobilisation by private sector witnessed a significant increase of 78 percent to Rs 75,214 crore in the first nine months of the current fiscal, mobilisation by public sector companies rose marginally to Rs 20,150 crore against Rs 18,280 crore in the corresponding period last year.

Mobilisation by state-run financial institutions went up to Rs 3,554 crore against Rs 1,326 crore raised in the corresponding period last year while funds raised by state level undertakings rose more than two times to Rs 5,084 crore.

"Government organisations and financial institutions put together mobilised 68 percent of the total amount, down from 77 percent in the year ago period," the release by Prime Database said.

As per Prime, among government organisations, national level financial institutions or banks led with a 82 percent share, followed by a 13 percent share by PSUs, 3 percent by state level undertakings and 2 percent by financial institutions of states.

According to the debt data base company, the highest mobilisation through debt private placements during the period was by HDFC (Rs 20,220 crore), followed by PFC (Rs 17,549 crore), REC (Rs 13,837 crore), LIC Housing (Rs 11,856 crore) and Nabard (Rs 11,079 crore).

"The financial services sector, continued to dominate the market, collectively raising Rs 1.64 trillion or 71 percent of the total debt raised followed by the power sector with a 5 percent share," the release said.