New Delhi, April 22 -- The Securities and Exchange Board of India (Sebi) in 2022 introduced a regulatory framework for online bond platforms (OBPs), creating a new, regulated ecosystem where investors can buy and sell listed corporate bonds.

Today, more than 25 OBPs are registered with Sebi, and trading volumes have steadily risen, reflecting growing investor interest. According to industry estimates, OBPs facilitated transactions worth Rs.500 crore in January 2025. However, while access has improved, the process of buying and selling bonds remains complex.

Mint breaks down the process.

Bond pricing involves two key concepts: the clean price and the dirty price.

The clean price reflects the bond's intrinsic value based on prevailing i...