The size of the government bonds available for trading on the wholesale debt market (WDM) of the National Stock Exchange (NSE) increased to an all-time high of Rs 5,08,386 crore, or over Rs 5 trillion, on August 2.
The issue size of the government bonds on WDM was Rs 4,99,386 crore on July 2. The aggregate value of debt available for trading on WDM segment increased by Rs 9,076 crore in August with government bonds accounting for Rs 9,000 crore.
Total corporate debt, on the contrary, declined by Rs 475 crore in August. Treasury bills available for trading increased by Rs 479 crore, while bonds of state enterprises rose by Rs 187 crore.
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During the first five months of the current fiscal, total debt papers available for trading rose by Rs 32,066 crore, from Rs 6,25,721 crore in March 2002 to Rs 6,84,653 crore in August 2002.
The rise in government bonds was the highest at Rs 31,136 crore, followed by the state government bonds Rs 1,926 crore and treasury bills Rs 1,806 crore.
The corporate sector seems to have retired debt as availability of corporate debt declined by Rs 2,139 crore in five months.
The value of debt floated by financial institutions and banks bonds declined by Rs 1,225 crore, while the value of bonds issued by state enterprises fell by Rs 578 crore in five months.