Bond limits may be eased

Bond limits may be eased

New Delhi: Stock market regulator Securities and Exchange Board of India (Sebi) on Wednesday said that it would introduce new products and frame regulations in the securitization market by ­December.

Sebi, along with other regulators, is developing bond markets and the current limit on foreign participation in these markets will move away as the market develops in the next 12 months, said chairman M. Damodaran.

“There are limits on foreign participation in bond markets at this point of time. You will see that moving away as the market develops," he said while participating in a panel discussion at Fortune Global Forum, organized by Fortune magazine.

Damodaran said, “We are not the ones who will raise these limits. Other people will raise them." Though Sebi said it would introduce new products, Damodaran did not specify the kinds of products.