TAILIEUCHUNG - Vote No Houston Bonds November 6, 2012

Until 2007, information on Indian corporate bond market turnover was incomplete and largely anecdotal. In 2007, however, the Securities and Exchange Board of India (SEBI) launched initiatives to ensure more comprehensive reporting of the over-the-counter (OTC) bond market (Figure 8). Current volumes are running at low levels—around 140 transactions amounting to about USD80 million per day. But corporate bond markets worldwide are typically illiquid, 5 so it may be overly optimistic to expect India to develop a uniquely liquid corporate bond market. Nonetheless, a more liquid market should eventually contribute to lower costs of capital for issuers. India’s corporate turnover ratio. | Vote No Houston Bonds November 6 2012 Vote No Houston Bonds Houston Community College Houston Independent School District Houston City of 425 000 1 900 000 410 000 Chump Change 2 735 000 Definition of a Bond Webster s New World Dictionary 1 anything that binds fastens or unites 2 shackles 3 a binding agreement 4 an obligation imposed by a contract promise etc. 5 the status of goods kept in a warehouse until taxes or duties are paid 6 an interest-bearing certificate issued by a government or business redeemable on a specific .

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