Sebi readying ground for trading new type of bonds
Capital market regulator Securities and Exchange Board of India (Sebi) is preparing ground work to launch trading in least four new categories of bonds.
These new products include municipal bonds, Sukuk bonds, covered bonds and bonds issued by co-operative societies.
According to sources, the regulator is currently in the process of studying the framework for these bonds in the contemporary foreign markets and is examining the structure to be implemented in the domestic market.
Sebi has started consultation with various stakeholders and is aiming to launch trading in these bonds in the current financial year.
For the first time, the regulator has tasted some success in debt-based exchange traded instruments.
Earlier this year, the market watchdog had re-introduced trading in interest rate futures (IRF), for the third time, with an easier framework based on market feedback. IRFs, which is derivative product with govern...
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