Cashing In On Debt

financial year the amount it is going to raise in the year through bonds. The timing of the floatation, however, will not be pre-determined. It will be left to the top management of the unit to decide. They will obviously consider market sentiment while taking this decision. The role of merchant bankers will thus become very important here. The Sebi is believed to have approved this idea. So, expect some major action on the OTC debt section this year.