Organisations worked with
Since inceptionBanks, insurers, funds and corporate issuers across India.
Primary • Secondary • UnderwritingBuilding trust with strategic
Building trust with strategic 
bond investments.
Corporate underwriting,government securities,andsecondary tradingfor banks, insurers, mutual funds and family offices.
₹2,000crore+ underwritten
Institutional execution, from mandate to settlement
Institutional clients150+
Trusted by 150+ institutional clients
across banks, insurers, funds and family offices
Institutional InvestorsBanksHigh Net Worth IndividualsMutual FundsInsurance CompaniesPension FundsNon-Banking Financial CompaniesFamily Offices
Your investment journey
From the first question
to your next interest payout.
Explore first. Create one account when you’re ready. Your documents, desk requests and confirmations stay together.
Try the calculator — no account needed ↗- 01
Find your bond
Compare indicative yields, credit ratings and payout dates. See principal, accrued interest and stamp duty before requesting a trade.
Explore the bond book ↗ - 02
Open your account
Verify your phone and email, then upload identity, bank and demat documents for KYC. Verification currently uses explicitly labelled mock rails.
Create your account ↗ - 03
Request. Confirm. Track.
Send a buy or sell request. The office confirms the terms and punches the trade. Find order and deal confirmations in your account.
Already a client? View orders ↗
Live bond book
View all bondsBuy bonds.
Real inventory from the Binary Bonds desk, with indicative yields, terms and a complete order flow.
About Binary Bonds
Binary Bonds is a specialised division of Binary Capital, focused exclusively on the primary and secondary bond markets. We underwrite, structure, price and place debt for institutions across India.
SV
Shray VasudevaFounder & Director · Investment Banking & Debt Markets
Expert in secondary bond market trading with deep relationships across institutional investors and market makers. Specialized in corporate bond structuring and underwriting.
LinkedIn ↗RK
Rati Ravi KantDirector · Credit Analysis & Risk Management
Decade-plus at EY across assurance, consulting and financial crime advisory. Certified Fraud Examiner with deep expertise in credit rating advisory and risk assessment for corporate and government securities.
LinkedIn ↗A senior desk on every mandate. No hand-offs, no hidden mark-ups, no quotes that move after you commit.
Four disciplines, one desk
Where does your mandate need the desk?
We underwrite the issuer, the security and the cashflow, not the label.
Corporate Bond Underwriting
Government SecuritiesHigh-Yield BondsBond Portfolio ManagementCredit Rating AdvisorySecondary Market Trading
Government SecuritiesHigh-Yield BondsBond Portfolio ManagementCredit Rating AdvisorySecondary Market TradingThe numbers behind the desk
5
Mandate steps
4
Rating agencies
1 day
Settlement cycle
How we work.
A five-step mandate process, owned by one desk.
₹2,000
Crore+ underwritten across corporate, Government Security and high-yield mandates, with Know Your Customer and dematerialised account verified by people.
5 desk steps
01
Initial consultation
Discuss your funding or investment objective, risk appetite, tenure and constraints with a relationship manager.
Why institutions choose us
One desk. The whole mandate.
The typical process
Structuring, pricing and placement in separate hands- Quotes that move after the mandate is agreed
- Yield shown without dated cashflows
- No post-issue support
Binary Bonds
Regulatory-first execution and documented compliance- 150+ institutional investors across banks, insurers and funds
- Underwriting, pricing and placement under one desk
- Post-issue support and secondary market making
“Binary Bonds has been instrumental in structuring our bond portfolio. Their expertise in government securities and credit rating advisory has helped us achieve optimal returns while maintaining regulatory compliance.”
Rajesh KumarChief Financial Officer, Insurance Company
Client perspectives
Trusted by institutions across India.
“Binary Bonds has been instrumental in structuring our bond portfolio. Their expertise in government securities and credit rating advisory has helped us achieve optimal returns while maintaining regulatory compliance.”
Rajesh KumarChief Financial Officer, Insurance Company
Leading Insurance Provider“The team's deep understanding of both primary and secondary bond markets is exceptional. They've consistently delivered competitive pricing and swift execution for our high-value transactions.”
Priya SharmaFund Manager, Mutual Fund
Top 10 Mutual Fund House“Working with Binary Bonds has transformed our bond investment strategy. Their risk management frameworks and market insights have been invaluable in navigating volatile market conditions.”
Vikram PatelTreasury Head, Metropolitan Bank
Private Sector Bank“Binary Bonds provides institutional-grade services with personalized attention. Their corporate bond underwriting expertise has opened doors to exclusive investment opportunities with superior yields.”
Anita DesaiInvestment Director, High Net Worth Individual Family Office
Ultra High Net Worth Individual Client“The credit rating advisory services from Binary Bonds helped us secure an AAA rating, significantly reducing our borrowing costs. Their guidance through the entire process was exceptional.”
Suresh MenonChief Executive Officer, Regional Non-Banking Financial Company
Non-Banking Financial Company“Binary Bonds' secondary market trading platform provides excellent liquidity and transparent pricing. Their settlement efficiency and regulatory compliance give us complete peace of mind.”
Kavita ReddyPortfolio Manager, Pension Fund
State Pension FundWhat corporate bond underwriting actually involves
Government Securities, State Development Loans and Treasury Bills: a desk view of the sovereign curve
Pricing the high-yield premium: 200-500 basis points of what?
Duration, credit and liquidity: the three risks in a bond portfolio
How to prepare for a credit rating agency
Secondary market liquidity: what same-day and next-day settlement actually mean
The issuer's checklist: from mandate to listing
Bonds versus Fixed Deposit for an institutional treasury
What is a bond public issue, and how does a public issue work?