The Hindu Business Line : ‘SEBI must make listing easier for corporate bonds’

New Delhi, July 2 Trading may have begun on corporate debt instruments at the BSE and the NSE, the country’s major stock exchanges. But a Finance Ministry source felt it does not entirely address the concerns of the Government, which wants to see retail investors participate in large numbers in publicly traded corporate bonds.

One of the issues, which the Finance Ministry is keen to address and which the Patil committee on corporate bonds and securitisation had raised, is the cumbersome procedure for issuance of publicly tradable corporate bonds.

“It’s like a chicken and egg situation (for secondary market trading to take off). If you make the issuance process very cumbersome, then we won’t have issuers of publicly traded corporate debt coming forward, ,” official sources said.

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