High liquidity, low rates help cos raise record funds via corporate bonds

High liquidity, low rates help cos raise record funds via corporate bonds

Government organisations and government financial institutions mobilised 53 per cent of the total amount.

Synopsis

Banks and financial services sector collectively raised Rs 4.97 lakh crore or 64 per cent of the total amount while roads & highways sector mopped up Rs 58,052 crore, according to Prime.

Mumbai: Indian companies raised record amounts through corporate bonds in 2020 taking advantage of the high liquidity and lower interest rates. Firms mobilised Rs 7.77 lakh crore during the year with banks and financial services companies cornering a sizeable chunk of the fund-raising. The money garnered was through private placements.The amount mobilised in 2020 was 10 per cent over the Rs 7.10 lakh crore mobilised the year before.“The large

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