Corporate bonds Trading declines 24.3% on BSE and NSE in April

Trading in corporate bonds at the nation's top stock exchanges — BSE and NSE — plunged by 24.3 per cent at about Rs 81,520.85 crore in April compared to dealings worth Rs 1.07 lakh crore in March, a latest data by markets regulator Sebi showed. The April figures are of second lowest value of corporate debt transactions recorded for a month after Rs 82,142.24 crore reported in February.

Year-on-year, the trading value witnessed in April was 13.3 per cent lower than Rs 94,058.56 crore witnessed in the same month last year. The total amount through trading in corporate bonds has touched Rs 3.36 lakh crore for the first four months of this calendar year.

 The trading value stood at Rs 3.77 lakh crore in January-April period last year. During April, this year, National Stock Exchange (NSE) represented the largest share of trading in corporate bonds (about 82 per cent). Bonds worth Rs 66,679.35 crore were reported on the exchange in the month. Trades in bonds amounting to Rs 14,841.50 crore were seen on the BSE, during April.