Companies are rushing to the National Stock Exchange (NSE) to list their debt paper. The Reserve Bank of India and the Securities Exchange Board of India gave them time till March 31 next year to list paper.
The rush started a day or two ago, but may now slow down. Industry sources said Reliance Industries Ltd and BSES have moved NSE to list debt paper worth Rs 10,000 crore.
Others which are in the process of moving the exchange include AV Birla group companies, Larsen & Toubro and a string of public sector outfits.
The list of PSUs includes the National Thermal Power Corporation (NTPC), the Power Finance Corporation (PFC), Hudco, Indian Railway Finance Corporation (IRFC).
In the financial sector, ICICI Bank and Housing Development Finance Corporation are the largest issuer of unlisted debt paper.
