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Funds mobilisation through corporate bonds via private placement basis saw a 11 growth in the first quarter of the 2013-14 fiscal.
According to Prime Database report, Rs 87,840 crore was collected through this route in Q1.
Entities other than banks and financial institutions rely more on bonds during the last quarter. Fund-raising by this category of entities stood at Rs 38,108 crore, up 32 per cent.
In Q1FY’14, the biggest mobilisation through this route, however, was by banks and financial institutions at Rs 41,922 core, up 10 per cent.
PSUs, as a separate category, witnessed a 45 per cent fall in bonds issue proceeds at 5,626 crore. State PSUs also saw 17 per cent lower mobilisation.
However, the State Governments-run financial institutions more than doubled mopping up of funds through bonds at Rs 1,251 crore.
The Hindu Business Line
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