In a bid to infuse more liquidity in the fledgling corporate bond market, Union Finance Minister Nirmala Sitharaman announced creation of a permanent institutional framework, but finer details will tell if this could be a success, say bond market participants. To instill confidence among the participants in the corporate bond market during times of stress and to generally enhance secondary market liquidity, it is proposed to create a permanent institutional framework. The proposed body would purchase investment grade debt securities both in stressed and normal times and help in the development of the bond market,” Sitharaman said in her speech.
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