OBPPs pitch investor protection fund for retail bond investors
Providers of online bond platforms are advocating for the creation of a new investor protection fund. This initiative is designed to serve as a form of insurance, thereby enhancing retail investor trust in corporate bonds. Conversations have included the possibility of a universal premium, which would be connected to the issuer's credit risk.
Canara Bank plans to raise up to Rs 4,500 crore through Basel III-compliant AT-1 bonds next week at an expected 7.85%-7.90% coupon. The issue is part of its Rs 8,500 crore fiscal capital plan, with Tier 2 bonds planned later.
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