MUMBAI: Indian corporates raised bonds and commercial papers worth ₹51,989 crore via primary issuance in the first round of Targeted Long Term Repo Operations (TLTRO) facility in March, according to data from BSE Ltd.
Around 27 companies raised ₹26,666 crore from commercial papers and 18 raised ₹25,323 crore through medium- and long-term bonds.
Issuers included six public sector companies and 21 private sector entities for commercial papers and three public sector companies and 15 from the private sector for medium- and long term bonds, according to the data.
A majority of them were AA-rated companies and beyond, which are looking to raise cheap funds from banks under the TLTRO. Among private sector companies, Reliance Industries raised