SEBI caps number of ISINs maturing in any FY for debt securities issued on private placement basis

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  • Last Updated on 2 November, 2022

maturing ISINs

Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/147, Dated 31.10.2022

SEBI has decided to further cap the number of ISINs maturing in a financial year for debt securities issued on a private placement basis. A maximum number of 14 ISINs maturing in any financial year shall be allowed for an issuer of debt securities. In addition, a further 6 ISINs shall also be made for the issuance of the capital gains tax debt securities on a private placement basis.

Also, SEBI has provided for bifurcation of ISINs. The circular shall be applicable to ISINs utilised to issue debt securities from 01.04.2023.

Further, with respect to the debt securities issued on or after April 01, 2023, all the ISINs corresponding to these issues (including ISINs issued prior to April 01, 2023), maturing in any financial year, shall adhere to the limit specified in this circular.

Click Here To Read The Full Circular

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