FIIG Securities has originated its first rated corporate bond, illustrating growing demand from the broker’s ­private clients for corporate debt as efforts to facilitate a deeper local ­corporate bond market gather pace.

The largest Indian investor in ­Australia, the Adani Group , will issue six-year bonds at a minimum of $75 million into the over-the-counter (OTC) market, at a 6.1 per cent ­coupon. They will be rated BBB- and Baa3 by Standard & Poor’s and Moody’s ­respectively. Adani holds a 99-year lease on the Abbot Point Coal Terminal in ­Queensland.