Corporate bond norms by Sept; investors on right path with MFs: Sebi chief

Sebi chief adds that LTCG tax to have minimal impact on Indian markets; global factors pose greater risk

Sebi will soon come out with norms on corporate bonds to encourage firms to tap this route for raising funds, Chairman Ajay Tyagi said on Saturday.   

The Sebi chairman said that the government's proposal to mandate listed companies to raise 25 per cent funds from corporate bonds was a good step and that detailed rules would be issued by September.

Finance Minister Arun Jaitley on Saturday asked markets regulator Sebi to take more steps to deepen the corporate bond market and hoped that continuing uptrend in IPOs will help in meeting the disinvestment targets.

The board of Sebi apprised Jaitley