PSUs make most of the Rs56,169-crore private placement of bonds in Q1: report

State-run firms mobilised the most in private placement of debt in April-June 2010 as debt financing by companies in India through the private placement route rose 31 per cent year-on-year to Rs56,169 crore in the first quarter of the current financial year.

Against this, Indian companies had raised around Rs42,715 crore in the corresponding period of the previous year (April-June 2009), Prime Database said in a release issued today.

The Rs56,169 crore debt mobilisation in April-June 2010 was made by 79 institutions and corporates, including state-run firms. Prime Database has included only such issues, which have a put/call option of more than one year in its report.

Of this, public sector undertakings (PSUs) raised Rs6,235 crore against Rs2,910 crore raised in April-June 2009, Prime Database CMD Prithvi Haldea said in a statement.

All-India financial institutions, including banks, raised the most - around Rs33,520 crore in private debt during the April-June 2010 against Rs22,650 crore in the corresponding period of the previous year. This is a 48 per cent increase year-on-year, the report pointed out.

Among PSUs, Power Finance Corporation mobilised Rs6,678 crore through private placement during the period. PFC was followed by Infrastructure Development and Finance Corporation (Rs4,420 crore), Housing Development Finance Corporation (Rs3,850 crore), Indian Railway Finance Corporation (Rs3,455 crore), Power Grid Corporation of India (Rs2,880 crore) and LIC Housing Finance (Rs2,202 crore).