Sources of debt-finance and CPSEs with high debt-equity ratio
By: Sharat Kumar.
Material type:
ArticlePublisher: 2016Description: p.781-790.Subject(s): Public sector
In:
Indian Journal of Public AdministrationSummary: Companies in India, for long, have depended on bonds for both short-term and long-term loans. Recent years have seen introduction of new financial instruments in debt-finance that are more competitive and less cumbersome to avail. The Central Public Sector Enterprises (CPSEs) also need to take advantage of these developments. While the short-term borrowings of all the CPSEs put together stood at Rs. 2,18,804 crore, the long-term loans outstanding of all the CPSEs stood at Rs. 8,82,784 crore in 2014-15. The CPSEs, therefore, have a stake in debt-finance. They need to be prudent, however, in their borrowings taking cognizance of sustainability of debts. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 62, Issue no: 4 | Available | AR114078 |
Companies in India, for long, have depended on bonds for both short-term and long-term loans. Recent years have seen introduction of new financial instruments in debt-finance that are more competitive and less cumbersome to avail. The Central Public Sector Enterprises (CPSEs) also need to take advantage of these developments. While the short-term borrowings of all the CPSEs put together stood at Rs. 2,18,804 crore, the long-term loans outstanding of all the CPSEs stood at Rs. 8,82,784 crore in 2014-15. The CPSEs, therefore, have a stake in debt-finance. They need to be prudent, however, in their borrowings taking cognizance of sustainability of debts. - Reproduced.
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