Edelweiss offers a wide range of services in the Fixed Income domain and caters to multiple market and client segments.
Edelweiss is among the leading intermediaries in the Fixed Income Market and services the investment needs of the participants as an experienced counterparty and ally. While the Fixed Income market in India has attained reasonable depth and maturity in Government Securities, the Corporate Bonds market still has a long way to go. The emergence of a full-fledged Corporate Bond market is one of the pre-requisites for the Indian economy to meet its massive infrastructure funding requirement. With a heightened focus on increase in the number of market participants and the quest for a more diversified investor base, the Fixed Income market is in a high growth phase.

Fixed Income Service Offerings
- Intermediation services in the secondary market to Edelweiss’ strong client base including Banks, Financial Institutions, Primary Dealers, Mutual Funds, Insurance Companies, Pension and Provident Funds, Foreign Portfolio Investors and Corporates.
- Leading primary market arranger: Private placement, public issues and structured deals in conjunction with the Investment Banking team.
- Comprehensive fixed income research product suite: Daily & periodic market commentary, Views on economy & policy actions, Special reports on wide ranging relevant themes like Tax-free Bonds, State Development Loans, US Fed Action, Monsoon.
- Providing a platform for fair and transparent dissemination of information pertaining to market flows, deals and pricing.

Future Outlook
The market for Corporate Bonds in India today constitutes less than 25% of the total outstanding domestic bonds while the turnover in corporate bonds is 10-20% of that witnessed in government securities. With over USD 1 Trn infrastructure spending in the next few years, the Government of India has focused on the development of this market which will offer an efficient avenue for fund raising. Steps in this direction include the development of the Interest Rate Futures (IRF) market across the maturity curve and laying the groundwork for augmenting the ecosystem with products like credit defaults swaps, corporate bond repo, etc.

Foreign Portfolio Investors have been a crucial component of the local currency bond markets over the last 5 years and their allocation to Indian bonds has seen steady momentum, especially with the increase in debt limits and liberalization of investment rules. Edelweiss has set up a dedicated FPI Desk well ahead of the curve to cater to the customized requirements of this investor class. The result is a strong foothold in multiple geographies with a seasoned institutional investor base that is set to grow even further with our sustained efforts to increase the breadth and depth of our reach.

Retail Investors are the other emerging investor class in the debt arena. The success of public bond issues by PSUs (tax-free bonds) and Non-Banking Financial Companies, with surging Retail Investor participation across offerings, bear testimony to this development. Edelweiss has been at the forefront of mobilizing funds in retail issues and also offers post-issue liquidity support through active market making.


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