When do we see corporate bond trading under Sebi?
First, we have to address the settlement issues. Once we address the settlement issue, then we look at the price dissemination process. Everywhere around the world, corporate bond trading happens only over the counter. Is there any any way of bringing the trading to an exchange platform or not? We really need to study that. Globally corporate bonds are over the counter or OTC products? The reason people give us is that there are not too many participants. So it is essentially an institutional market. Will you change the pricing norms for qualified institutional placements (QIP)? The 15-day formula has been introduced not very long back and is quite a step forward from the six-month pricing (prevailing earlier). We need to let this formula work in the market for sometime before changing anything. Do you smell a rat in sudden enthusiasm about QIPs? Most real estate firms are going for QIPs in a big way. The real estate industry was deeply into debt and therefore if it is improving its le
