1 week ago
Sebi to Float Consultation Paper on Corporate Bond Distribution
India’s market regulator, Sebi, is preparing new ideas for how corporate bonds should be sold and distributed.
It plans to publish these ideas in a consultation paper within a few days.
A consultation paper lets people and businesses review proposed rules and share their opinions.
Industry groups have already suggested a framework to Sebi.
Maninder Cheema said public issues make up less than 1% of all bond issuance.
Online bond platforms help regular investors access bonds that were once difficult to find.
Technology can also help investors see a bond’s price, yield and other features.
Sebi says the system is still developing and could become more transparent and efficient.
Sebi plans to release a consultation paper on corporate bond distribution within a few days.
The proposed framework is intended to address how corporate bonds are distributed to investors.
Industry players and associations have recommended a framework to the Securities and Exchange Board of India.
Public issues account for less than 1% of total bond issuance, according to Sebi Executive Director Maninder Cheema.
Officials said online platforms and technology are making privately placed bonds more accessible and improving transparency and price discovery.
- Who
- Securities and Exchange Board of India (Sebi), represented by Executive Director Maninder Cheema, along with online bond platforms and industry associations.
- What
- Sebi plans to issue a consultation paper on a potential distribution framework for corporate bonds.
- Where
- Mumbai, during a panel discussion at the Great Indian Bond Festival.
- When
- Within a few days, according to Maninder Cheema.
- Why
- To develop a more transparent, accessible and efficient way to distribute corporate bonds, including privately placed bonds, to retail investors.
Key facts
- Regulator
- Securities and Exchange Board of India (Sebi)
- Expected release
- A consultation paper is expected within a few days.
- Subject
- Distribution framework for corporate bonds
- Public issuance share
- Public issues account for less than 1% of total bond issuance.
- Retail access
- Online platforms provide retail investors access to privately placed bonds.
- Technology’s role
- Technology can improve transparency, accessibility, efficiency and price discovery.
Quotes
Maninder Cheema
Executive Director at the Securities and Exchange Board of India
“Sebi will float a consultation paper on the distribution framework for corporate bonds in the next few days”
thehansindia.com
Sources
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