Sebi chairman Ajay Tyagi feels the successful implementation of the Insolvency and Bankruptcy Code (IBC) will increase investor confidence. Photo: Abhijit Bhatlekar/MintMumbai: Capital markets regulator Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Saturday expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments. “From an investors’ standpoint, an effective and robust bankruptcy regime is important for developing the corporate bonds market. Citing global data, Tyagi said bankruptcy reforms has had significant impact on developing corporate bonds market in various parts of the world. In our country fund raising from bond was 17.9% of GDP in 2016 and it would be interesting to see the impact of implementation of this code on the corporate bonds market,” he said.

Source: Mint August 19, 2017 12:11 UTC