Market regulator SEBI has issued on Tuesday, new norms for public issuance of debt securities under which such offers have to be of minimum Rs 100 crore, while issuers would need to make additional disclosures and attain atleast 75 per cent subscription. The Securities and Exchange Board of India (Sebi) said that the entities coming out with public issue of NCDs would have to provide granular disclosures in their offer document, with regards to the "object of the issue". Also, an entity has to make additional disclosures in the offer document about details of money utilised from the previous issues of the issuer as well as the group companies. The new norms would be applicable for the draft offer document for issuance of debt securities filed with the stock exchanges on or after July 16.
News On AIR | June 18, 2014 9:16 AM
SEBI issues new norms for public issuance of debt securities