NSE launches trade repository for corporate debt

The repository provides consolidated information on over-the-counter deals in corporate bonds across exchanges

The National Stock Exchange of India (NSE) has launched the NSE Trade Repository for Indian corporate debt. The trade repository provides consolidated information on over-the-counter (OTC) deals in corporate bonds across exchanges.

Currently, market participants report their OTC deals in corporate bonds on the reporting platform of any one of the exchanges. With the implementation of the Indian Trade Repository all deals will be visible, NSE said.

Meanwhile, stock exchanges have also launched e-bidding platforms for corporate debt. LIC Housing Finance raised Rs 435 crore from the NSE’s platform.

The stock exchanges, BSE and National Stock Exchange of India, launched their e-platforms for issuance of debt securities worth around Rs 500 crore on private placement basis.

The platforms, BSE-Bond and NSE-EBP (electronic debt bidding platform), will facilitate online bidding for private placement of debt securities.