'Credit enhancement key for bond markets'

NISHANT KUMAR, MD, ASIA AT PRIVATE INFRASTRUCTURE DEVELOPMENT GROUP

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Singapore-based Nishant Kumar is Managing Director, Asia Investments at GuarantCo, and Head of Coverage — Asia at Private Infrastructure Development Group (PIDG), a multilateral agency for infrastructure projects financing. He spoke to Nesil Staney on the sidelines of an event hosted by the National Stock Exchange for ecosystem-building. While PIDG finances projects, GuarantCo encourages infrastructure development in low-income countries through credit guarantees. Excerpts:

Together, we aim to build an ecosystem where bonds can be credit-enhanced and subsequently listed on NSE’s platform.

A lot of bonds are already being listed in GIFT City— especially foreign bonds. How is your focus different?