Be that as it may, greater access to foreign investors to the rupee debt market – cash as well as derivative will gradually be considered. 3. It is estimated that five years down the line, the demand for bonds will significantly outstrip the supply. It is a paradoxical situation. Is the market barring borrowers from the market?
The issues relating to CDS comes to mind. The basic purpose of CDS was to enable lower rated borrowers to access the market while the investor is protected against default by buying a CDS.