Thursday, November 29, 2012

4 December 2012: Covered Bonds: An Alternative Source of Financing Mortgage Lending in India

Mira Tamboli

This paper examines the potential of building and promoting a Covered Bond market in India and puts forth guidelines and considerations for the development of best practices and legislation. It gives an overview of the instrument and examines merits of Covered Bonds through comparison with Mortgage Backed Securities. A brief discussion on benefits to the issuers, investors and the government follows. In the absence of legislation, consideration for a suitable structure for Covered Bond issuance as an interim solution is presented. By making a case for adopting legislation with broad policy considerations on key issues, this paper provides a starting point for discussion on the issuance of Covered Bonds in India.

Date: December 4, 2012
Time: 03:30 P.M.

ICRIER Conference Room,
Core 6A, 4th Floor,
India Habitat Centre, Lodi Road,
New Delhi – 110 003(INDIA)


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