Markets regulator SEBI has launched a centralised database portal for company bonds in a bid to create a single, genuine supply of knowledge on such securities.
The portal, Bond Central, has been developed by the On-line Bond Platform Suppliers Affiliation (OBPP Affiliation) in collaboration with Market Infrastructure Establishments (MIIs), which embody inventory exchanges and depositories.
“The Bond Central goals to create a single, genuine supply of knowledge on company bonds issued in India and is meant as an data repository for the general public at giant and is accessible freed from price,” SEBI stated in an announcement.
This database is predicted to reinforce transparency and facilitate knowledgeable decision-making amongst buyers and different market contributors. It is going to be operated by the OBPP Affiliation, a not-for-profit entity supported by MIIs.
Itemizing out the portal’s key options, SEBI stated it’s a unified view of company bonds throughout exchanges and issuers making certain transparency and comparability.
Moreover, buyers can evaluate company bond costs with Authorities Securities (G-Secs) and different fixed-income indices to make higher selections.
The portal permits buyers to entry detailed threat assessments, company bond paperwork, and disclosures, enabling them to guage alternatives successfully.
The platform standardises company bond-related knowledge, decreasing data asymmetry and enhancing market belief.
SEBI stated the primary section of Bond Central went reside on Thursday, and based mostly on stakeholder suggestions, extra options shall be added on an ongoing foundation.
