Companies like Power Finance Corp and LIC Housing Finance led the debt fund raising followed by HDFC and Rural Electrification.
Corporate debt mobilisation through the private placement route rose 15% to Rs 3,43,898 crore during the first nine months of the current fiscal -- the highest ever so far.
April-December saw Rs 3,43,898 crore being raised, a jump of 15% over Rs 2,99,725 crore in the same period of the previous fiscal, led primarily by the private sector, Prime Database president Sanjeev Khandelwal said.
As per the data collated by the Prime Database, which operates the country's only database on debt private placements, the money was mobilised by 470 institutions and corporates.
The agency said the data include only those deals which have a tenor and put/call option of above 365 days.
The highest mobilisation was made by the private sector at Rs 1,93,639 crore as against Rs 1,31,345 crore year-on-year (y-o-y), representing an increase of 47%.
Financial institutions/banks, however, have raised 8% less than what they did last year at Rs 1,27,254 crore.
Similarly, mop-up by public sector undertakings was also down by 4% at Rs 22,503 crore, and so was debt raising by state level undertakings, which plunged as much as 91% to just Rs 502 crore.
Mobilisation by state-level financial institutions was nil as compared with Rs 883 crore a year ago.
Government companies and financial institutions together mobilised 32% of the total amount, down 43% over the previous year. Out of the total, financial institutions/banks contributed 79%, followed by public sector units (PSUs) at 20%.
The highest mobilisation came from Power Finance Corporation (PFC) raising Rs 21,112 crore, followed by LIC Housing Finance at Rs 17,343 crore, HDFC raising Rs 15,376 crore and Rural Electrification Corporation (REC) raising Rs 12,931 crore.
The financial services sector continues to dominate the market, collectively raising Rs 2,23,647 crore, or 65% of the total, followed by power with a 9% share at Rs 32,086 crore.
According to the agency, the highest full-year mobilisation through debt private placement so far was in 2014-15 when corporates lapped up Rs 4,65,643 crore followed by Rs 3,52,759 crore in 2012-13 and Rs 2,87,893 crore in 2013-14.
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