SEBI to introduce steps to improve corporate bond market

SEBI is working on a couple of more options to improve the liquidity and trading mechanism in the debt market

Sep 12, 2013 08:09 IST India Infoline News Service

Market regulator SEBI (Securities and Exchange Board of India) on Tuesday said it will announce some important measures to improve liquidity and trading mechanism for the corporate bond market in "a couple of days".

"We are currently working on a couple of more options, which will be announced in a day or two, to improve the liquidity and trading mechanism in the debt market," SEBI Chairman UK Sinha said.

He was speaking at an event where he launched a corporate bonds information database portal by NSE and Prime Database.

Launching a Corporate Bond Information Database (CBID), prepared by NSE and the Prime Database, Sinha said it would help in dissemination of information in the bond market which was one big hurdle till now.

The new platform for CBID would provide a comprehensive information on Corporate Bonds to market participants, to encourage the growth of the debt market in India.

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