What is a private placement of bonds?

A private placement is a bond issue offered to a limited group of investors, mostly institutions, instead of the general public. Most corporate bonds in India are raised this way.

Under the Companies Act, a private placement can be offered to at most 200 people in a financial year, not counting qualified institutional buyers. Listed private placements file a Key Information Document with the exchange, and larger issues are bid on the stock exchanges' Electronic Book Provider platforms.

After listing, privately placed bonds can be bought by anyone through a broker or an online bond platform, and their disclosure documents stay on the BSE or NSE website. Each issuer page here lists the issuer's placements with links to those documents.

This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.