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FY16 has been a record year not only for mobilising equity capital through the primary market but also by way of corporate bonds on private placement basis.
According to Prime Database, FY16 witnessed a growth of 6 per cent in mobilisation of corporate bonds on private placement basis of Rs 4,92,047 crore — the highest ever — by 589 entities.
The biggest mobilisation has been by the 525 private entities at Rs 2,36,382 crore, a growth of 24 per cent. “The share of the private sector has been going up steadily and is now 48 per cent compared to 23 per cent five years ago,” it said.
The highest mobilisation through debt private placements during the period was by LIC Housing Finance, Power Finance Corporation, Rural Electrification Corporation, Housing Development Finance Corporation, Nabard and State Bank of India.
According to Prime Database, the financial services sector continued to dominate the market raising Rs 3,18,482 crore or 64 per cent of the total amount, followed by the power sector (12 per cent share).
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