Indian defaults spark rules that drag bond sales to 13-year low1 min read . Updated: 19 Apr 2021, 05:41 AM IST
- Starting this month, bond trustees need to evaluate and ensure that assets backing bonds are at all times adequate to discharge the interest and principal amount.
Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market.
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