Contact Your Financial Adviser Money Making MC
2
February 2018
 |
SEBI
(The Total Investment & Insurance Solutions)
Securities
market regulator Sebi might mandate large corporates to meet about one-fourth
of their financing needs through the bond market.
"Reserve
Bank of India has issued guidelines to nudge corporates access bond
market," Finance Minister Arun Jaitley said in his Budget 2018-19 speech
on Thursday.
"SEBI
will also consider mandating, beginning with large corporates, to meet about
one-fourth of their financing needs from the bond market."
According
to Jaitley, corporate bonds rated ‘A' grade would be permitted as eligible for
investment.
"Corporate
bonds rated ‘BBB' or equivalent are investment grade. In India, most regulators
permit bonds with the ‘AA' rating only as eligible for investment,"
Jaitley said.
"It
is now time to move from ‘AA' to ‘A' grade ratings. The government and
concerned regulators will take necessary action."The Total Investment & Insurance Solutions
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