The municipal corporation received 21 bids on BSE BOND platform for Rs 450 crore
During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 trillion from commercial papers, and by 121 issuers for raising Rs 3.36 trillion via bonds
In total, 247 bids for Rs 20,071.2 crore were received on BSE BOND Platform, which is the second highest bids ever received for yield based bidding, the exchange said in a statement
The mechanism was mandatory for all private placements of debt securities with an issue size of Rs 5 billion or more