NSE: Launch Debt Segment on May 13, 2013..!

India's Leading stock exchange  National Stock Exchange (NSE) will launch a dedicated debt trading platform on May 13, 2013 with the listing of about 400 securities on the segment for retail & institutional investors.

In a circular, the NSE said that a total of 376 securities would be available for retail tradings, while 22 securities would be admitted to dealings on the institutional platform.
This would be effective from May 13, 2013.

Among the securities that would be available for trading in the institutional category include HDFC, LIC Housing Finance (LIC HFL), Power Finance Corp., NABARD (National Bank of Agriculture and Rural Development), National Housing Bank (NHB) and Power Grid Corp.

ICICI Bank would fall under the retail category, while securities of SBI, Muthoot Finance, Religare Finvest, Shriram City Union Finance and IDBI Bank would fall under both the categories.

“The securities which are made available in the retail & Institutional platform on the debt segment shall continue to be available for trading in the capital market segment and wholesale debt segment respectively till further notice,” the NSE said.

The platform is expected to bring more transparency and credibility to the way debt securities are traded, besides attracting more investors to this segment. The platform would also help in enabling all kinds of debt securities including corporate and wholesale debt under one roof.

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