What we do

Our debt desk works both sides of the secondary market in corporate bonds and credit papers rated AAA through BBB. We deal in market lots of ₹5 crore to ₹25 crore, and in odd lots where a client needs to move a position that does not fit a standard lot. Counterparties include bank treasuries, mutual funds, insurance companies, pension funds, NBFCs, primary dealers and co-operative banks.

Our money market desk trades certificates of deposit, commercial paper and non-convertible debentures, working directly with treasury desks and fund managers. We track primary issuance and secondary activity daily, so clients get a current read on where short-term paper is actually clearing rather than an indicative screen level.

We execute in the equity cash segment for institutional clients: life and general insurance companies, bank treasuries and asset managers. The desk handles block deals in line with exchange requirements, and offers direct market access through Bloomberg. We do not open retail accounts in the equity segment.

Where an issuer appoints us as arranger, we build the book for private placements routed through the Electronic Book Provider platform: identifying and approaching investors, handling enrolment and KYC for non-QIB participants bidding through us, and placing bids on the platform within the limits SEBI sets for arranger-routed participation. Instruments covered include debentures, structured debt, optionally convertible debentures, pass-through certificates and commercial paper.