Debt Securities

The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive

State-owned UCO Bank on Wednesday said it is planning to raise up to Rs 1,000 crore by issuing debt securities. The bank's board will consider the proposal for raising tier I capital in the form of additional tier I bonds in one or more tranches aggregating to Rs 1,000 crore, UCO Bank said in a regulatory filing. The board is scheduled to meet on January 3, 2023 to take up the fund raise proposal. UCO Bank stock closed at Rs 31.45 on BSE, down 2.93 per cent.

The World Bank has estimated Pakistan's total external debt stocks stood at $130.433 billion by end-2021 in comparison to $115.695 by the end-2020

Markets regulator Sebi on Wednesday reduced the timeline for listing of debt securities issued on a private placement basis to three days. Currently, the timeline is four days and the latest move would also expedite the availability of securities for trading by the investors. Sebi has listed out the steps involved in pre-listing and post-listing along with relevant timelines, both through Electronic Book Provider (EBP) platform and otherwise. This is to provide more clarity and standardisation in the process of issuance and listing of such securities on the private placement basis. The new guidelines would come into effect from January 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular. The time taken for listing of such securities after the closure of the issue has been reduced to three working days (T+3) as against the present requirement of 4 working days (T+4). Under the EBP mechanism, an issuer wishing to list non-convertible securities or municipal

Sebi on Thursday issued a new format for disclosing details pertaining to payment of fees applicable under the issuance of debt securities rules. In July, Sebi said that market infrastructure institutions, including stock exchanges, registered intermediaries and companies that have listed or are intending to list their securities on a stock exchange have to pay 18 per cent GST on the fees charged by the regulator. This is also applicable for persons who are dealing in the securities market. The tax rate was effective from July 18. The Securities and Exchange Board of India (Sebi) has amended the chapter that deals with bank account details for payment of fees of the NCS (Issue and Listing of Non-Convertible Securities) rules, according to a circular. Under the new format, issuers who have listed and/ or propose to list non-convertible securities, stock exchanges and other entities will have to disclose to Sebi about date of remittance, amount remitted -- break-up of fee and GST ..

Capital markets regulator Sebi on Friday enhanced disclosure rules for credit rating agencies (CRAs) and put in place a framework for rating withdrawal of perpetual debt securities. The move is aimed at allowing investors and other stakeholders to properly use such disclosures in a fair assessment of CRAs, the Securities and Exchange Board of India (Sebi) said in a circular. The new framework will be applicable to credit ratings of securities that are already listed or proposed to be listed on a stock exchange. In order to standardise the methodology pertaining to disclosure of a 'sharp rating action', Sebi said CRAs will have to compare two consecutive rating actions. Further, a CRA will have to disclose a sharp rating action if the rating change between two consecutive rating actions is more than or equal to three notches downward. The regulator has mandated CRAs to frame detailed guidelines on what constitutes non-cooperation by issuers, which includes non-submission of quarte

Sebi's Wholetime Member Ananta Barua said Sebi is also looking at implementing other measures as announced in the annual budget by Finance Minister Nirmala Sitharaman.

The new framework will be applicable to public issues of debt securities which open on or after May 1, 2022, the Securities and Exchange Board of India (Sebi) said in a circular

Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5k crore through debt securities and an additional $7.4 million by issuing masala bonds.

At present, units of debt-oriented MFs have a minimum holding period of 36 months to qualify as long-term capital assets

Liquid funds and credit funds saw net inflows of Rs 53,251.28 crore and Rs 251.18 crore

Capital markets regulator Sebi has come out with corporate governance rules for listed entities which have listed their debt securities.

Axis Bank on Monday said it has started issuing debt securities under its Rs 35,000 crore-debt raise plan announced earlier this year

To ease the compliance burden on listed entities, Sebi has merged rules pertaining to the issuance of debt securities into a single regulation

Hybrid funds are getting traction from investors with such instruments witnessing net inflow of Rs 27,220 crore in three months ended June, more than double from the preceding quarter

Sebi on Wednesday decided to bring listed companies' promoters and directors' dealings in listed debt securities under the purview of system driven disclosures. The stock exchanges and depositories will make necessary arrangements so that disclosures pertaining to listed debt securities along with equity shares and equity derivative instruments are disseminated on the websites of respective bourses from July 1, Sebi said in a circular. The system driven disclosures have already been implemented for members of promoter group, promoters, directors and designated person of a listed company under the insider trading norms. The disclosures pertains to trading in equity shares and equity derivative instruments -- futures and options -- of the listed company by such entities. The disclosures for equity and equity derivative segments are being displayed on the exchange website under 'system driven disclosures'. It has now been decided to include the listed debt securities of equity-listed

At the end of March quarter, the lender had a capital adequacy ratio of 17.5 per cent compared to 19.6 per cent as of December 31

To ease compliance burden on listed entities, Sebi on Wednesday proposed merger of listing rules pertaining to debt securities and non- convertible redeemable preference shares into a single regulation. The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the Sebi's LODR (Listing Obligations and Disclosure Requirements) rules and Debenture Trustees norms, the regulator said in a consultation paper. The Securities and Exchange Board of India (Sebi) has invited public comments, open for 21 days, on the proposal. Under the proposal, Sebi has suggested merger of the Issue and Listing of Debt Securities or ILDS norms and the Issue and Listing of Non-Convertible Redeemable Preference Shares or NCRPS Regulations into a single regulation -- Issue and Listing of Non-Convertible Securities or NCS Regulations. Further, NCS rules should also include certain provisions issued through circulars under ILDS and NCRPS norms, Sebi noted. The rules on I

Aditya Birla group firm Grasim Industries on Wednesday said it plans to raise funds by availing term loans or by issuing debt securities. The board of the company, in a meeting held on Wednesday, has approved the raising of funds, Grasim Industries said in a regulatory filing without informing the amount which it intends to raise. It has also authorised the Finance Committee of the Board of Directors "to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities" and decide on all matters and transaction relating to the same. Besides term loans, Grasim would also raise funds by issuing debt securities including foreign currency denominated bonds or debentures or securities, which may be issued in tranches, in India or overseas, within the overall borrowing limit of Rs 10,000 crore, it added further. Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals. In FY .

Manappuram Finance said its Board of Directors will meet on March 19 to consider business plan and borrowing programme, including raising of funds through issuance of non-convertible debt securities