The public debt issue mobilisation in FY14 has increased 150 per cent to Rs 42,383 crore against Rs 16,982 crore mobilised in FY13, according to Prime Database.

This was mainly on account of tax-free bond raisings (86 per cent of total amount) by financial institutions and PSUs, said Pranav Haldea, Managing Director of Prime Database.

This Rs 42,383 crore was mobilised by 20 institutions and corporates, and as per Prime Database, the biggest mobilisation was made by the category of all-India financial institutions or banks at Rs 29,700 crore. This was up 104 per cent from Rs 14,570 crore mobilised in the previous year.

Private sector and PSUs

According to Haldea, mobilisation by the private sector also witnessed an increase.

“It went up by 165 per cent to Rs 5,869 crore compared to Rs 2,217 crore in the previous year. Mobilisation by PSUs also was significantly higher at Rs 6,814 crore compared to just Rs 195 crore in the previous year.”

The highest mobilisation through public debt issues during the period was by IIFCL (Rs. 6,878 crore), followed by IRFC (Rs. 5,828 crore), HUDCO (Rs. 4,796 crore) and REC (Rs. 4,500 crore).

According to Haldea, on an industry-wise basis, the financial services sector continued to dominate the market, collectively raising Rs 30,773 crore or 73 per cent of the total amount while real estate ranked second with an 11 per cent share (Rs. 4,796 crore).

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