India Aims to Improve Corporate Bond Pricing to Deepen Trading

The Securities and Exchange Board of India is working on a framework to improve pricing in secondary trading of corporate bonds, part of a bid to deepen participation in the country’s 58 trillion rupee ($641 billion) market.

“We want corporate bonds to become a mainstream funding option,” and not a “niche” used only by a few issuers, said Chairman Tuhin Kanta Pandey, speaking at a conference in Mumbai on Wednesday. “India’s growth cannot be funded with bank credit alone.”