SECP Sets Up Special Desk To Support Corporate Debt Market

The Securities and Exchange Commission (SECP) of Pakistan has created a specialized desk aimed at bolstering the corporate debt market. This move seeks to simplify and expedite the process of issuing debt securities for companies and market players. The newly established Corporate Debt Market Desk will offer guidance and assistance for bond, sukuk, and other debt security offerings, both publicly and privately.

The initiative was initiated by Finance Minister Muhammad Aurangzeb in line with efforts to bolster the corporate debt market and broaden financing avenues for businesses. The dedicated desk will function as a central hub for companies and other market entities seeking to understand and navigate the complex requirements and procedures associated with corporate debt issuance.

SECP Chairman Dr. Kabir Sidhu expressed the regulator's commitment to making debt security issuance more straightforward, quicker, and cost-efficient for businesses. He highlighted that enhancing the corporate debt market would generate alternative long-term financing sources and offer companies enhanced access to capital beyond conventional funding options.