Sebi revises requirements for issuance, listing of transition bonds ...Middle East

Business Standard - Economy
Sebi revises requirements for issuance, listing of transition bonds
source : Business Standard ( Middle East ) () 43
To facilitate transparency and informed decision-making among the investors, markets regulator Sebi on Friday mandated additional requirements for the issuance and listing of transition bonds. The move is also aimed at ensuring that the funds raised through transition bonds are not being misallocated, the Securities and Exchange Board of India (Sebi) said in a circular. Transition bond is one of the sub-categories of 'green debt security'. These bonds are generally used for raising funds for transitioning to a more sustainable form of operations in line with India's intended nationally determined contributions. In its circular, Sebi said that an issuer wishing to issue transition bonds will

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