November 29, 2013 10:11 AM

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Corporate Bond Market needs unified trading platform: SEBI Chairman

Market regulator SEBI has underscored the need for having a unified trading platform for corporate debt market. Speaking at an event organised by ratings agency Crisil in Mumbai yesterday, SEBI Chairman U K Sinha said that just like the Government securities has the Clearing Corporation of India platform where reporting and settlement of a transaction takes place, the corporate bond market also requires a unified platform. He added that SEBI is working with all stakeholders, including the Reserve Bank, to usher in such a facility. Mr. Sinha also called for deepening the corporate bond market, which according to Crisil stood at 18.3 trillion rupees in 2012. He accepted that investor interest in corporate bond segment remains dented despite many efforts. The SEBI Chairman, however, added there are a few positives and pointed towards the growth of 35 per cent in money raised in the last two fiscal.

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