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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

 
SEBI decides to set up Corporate Debt Market Development Fund
30-Mar-23 14:44Hrs IST

The Securities and Exchange Board of India (SEBI) has decided to set up “Corporate Debt Market Development Fund” (CDMDF) to act as a backstop facility to purchase investment grade corporate debt securities in times of stress. The fund based on a guarantee to be provided by National Credit Guarantee Trust Company (NCGTC), may raise funds to purchase corporate debt securities during market dislocation. SEBI has also extended the period of compliance for Large Corporates to raise 25% of their incremental borrowings through the debt market to a contiguous block of 3 years instead of the current 2 years.

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