SEBI Launches Bond Central for Enhanced Corporate Bond Transparency
| Category | Details |
|---|---|
| Why in News? | SEBI has launched Bond Central, a centralised database portal for corporate bonds to enhance transparency and provide a single source of information. |
| Developed By | Online Bond Platform Providers (OBPP) Association in collaboration with Market Infrastructure Institutions (MIIs) (Stock exchanges & depositories). |
| Objective | - Enhance transparency in the corporate bond market. - Standardise bond-related data to reduce information asymmetry. - Provide free and easy access to corporate bond information. - Enable investors to compare corporate bonds with other financial instruments. |
| Key Features | 1. Unified Data Repository: Integrated view of corporate bonds across stock exchanges and issuers. 2. Comparison with G-Secs & Indices: Investors can compare corporate bonds with Government Securities (G-Secs) and fixed-income indices. 3. Risk Assessments & Disclosures: Provides risk evaluation reports and issuer disclosures. 4. Standardisation of Bond Data: Reduces information discrepancies and enhances market trust. 5. Free & Open Access: Accessible without any subscription or fees. |
| Launch & Future Enhancements | The first phase of Bond Central went live, and additional features will be introduced progressively based on stakeholder feedback. |