BSE, NSE offer data on primary issuance of corporate bonds

Trade repositories of stock exchanges BSE and NSE for the corporate debt market have started dissemination of data on primary issuance of corporate bonds.
The data on primary issuance of corporate bonds is available from November 1.
The bourses had launched the repositories in July to help develop Indian corporate debt market and provide easy access to information on over-the-counter deals.
"With effect from November 1, 2016, data of primary issues in corporate debt securities is being included in the BSE Central Trade Repository to provide information to all investors," BSE said in a circular.
Information relating to date of issue, rating, interest payment frequency and so on will now be provided for all new issues, it added.

"The availability of primary and secondary market information at one place will provide greater transparency to market participants and further the development of the corporate bond markets," NSE said in a circular.

The repository provides consolidated information on over the counter (OTC) deals in corporate bonds across exchanges, it added.
Currently, NSE and BSE provide an Electronic Bidding Platform for corporate bond market primary issuance and disseminates the information on the website. The issuer has an option to avail the facility of any one EBP provider.
With the implementation of the Indian Trade Repository for primary market, issuances in addition to secondary market volumes, will ensure availability of all corporate bond related data at a single place, NSE said.

The BSE Central trade repository will help investors, market participants and regulators to track all corporate bond information and trades in Indian market, BSE said.