wrapped bond is simply a bond which is insured by a monoline insurer against credit default risk .
in other words a small premium is paid in addition to bond price simply to protect bond holders to go from the whole liquidation process .
the monoline insurer simply pays up the bond value,in case of default , collects the bonds and then liquidates the issuing entity itself.
kindly let me know which bonds in indian market have this kind of security “wrapping” ?