Finance and Corporate Affairs Minister Nirmala Sitharaman
Finance and Corporate Affairs Minister Nirmala Sitharaman

Union Budget proposes measures to deepen corporate debt markets

ANI | Updated: Jul 05, 2019 16:28 IST

New Delhi [India], July 5 (ANI): A number of measures to further deepen bond markets have been proposed by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament on Friday.
The Finance Minister said: "Corporate debt markets are crucial for the infrastructure sector. Though the number and value of bond issuances had gone up, there has been a dip in the last two years. The market is skewed in favour of a private placement," she said.
The Finance Minister said that in order to deepen the corporate tri-party repo market in corporate debt securities, the government will work with regulators -- RBI/SEBI - to enable stock exchanges to allow AA rated bonds as collaterals.
User-friendliness of trading platforms for corporate bonds will be reviewed, including issues arising out of capping of ISINs, she added. (ANI)

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