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Thursday, January 7, 2010

SEBI eases asset cover norms for unsecured debt

India's market regulator said on Thursday regulated finance companies now no longer need to show 100 percent asset cover while selling unsecured debt instruments to raise capital, removing an earlier requirement.

The Securities and Exchange Board of India (SEBI) had in November said that, in case of listed securities, the issuer should maintain 100 percent asset cover sufficient to discharge the principal.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
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