Large companies to raise 25% of long-term borrowings through corporate bonds: SEBI
6 years, 3 months ago

Large companies to raise 25% of long-term borrowings through corporate bonds: SEBI

Firstpost  

The board of SEBI has cleared the framework for enhanced market borrowings by large corporates and it would come into force from 1 April, 2019. Mumbai: Large listed companies will soon be required to raise at least 25 percent of their long-term borrowings through corporate bonds, with SEBI board approving a revised regulatory framework on Tuesday. Large corporates would have to raise “25 percent of their incremental borrowings” for a particular year through the bond market, SEBI said. According to the regulator, the requirement of 25 percent incremental borrowing through bond market would be tested for “contiguous block of two years” from 2021-22 onwards.

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History of this topic

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities
9 months, 4 weeks ago

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities

India TV News  

Business news: Regulator Securities and Exchange Board of India on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. "Verifiable compliance with such due-diligence requirements would provide the regulatory comfort necessary for the …

India's corporate bond market can double to ₹65-70 lakh cr by March 2025: Crisil
3 years, 10 months ago

India's corporate bond market can double to ₹65-70 lakh cr by March 2025: Crisil

Hindustan Times  

The supply of corporate bonds in the domestic market is expected to double to ₹65-70 lakh crore by fiscal 2025 with the financial sector contributing around 50 per cent to this growth, rating agency Crisil said. “Over the next five fiscals, corporate bond issuances outstanding could more than double from around ₹33 lakh crore or 16 per cent of gross …

Latest headache for Indian firms: Sluggish bond market
4 years, 11 months ago

Latest headache for Indian firms: Sluggish bond market

Live Mint  

India needs a bigger bond market now more than ever, to help get funds to cash-strapped companies cut off from their shadow lenders by a crisis in that sector. Rupee corporate bond issuance seen increasing little in 2020 A stalling in issuance also undercuts attempts by Finance Minister Nirmala Sitharaman and predecessors to expand India’s corporate bond market to better …

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets
5 years, 1 month ago

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets

Firstpost  

Sebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships Mumbai: In significant steps to bolster capital markets, Sebi on 20 November decided to put in place stricter disclosure norms for loan defaults, ease time taken for rights issue to 31 days and hike …

Sebi proposes changes to norms for municipal bonds, minimum subscription amount reduced
5 years, 7 months ago

Sebi proposes changes to norms for municipal bonds, minimum subscription amount reduced

Firstpost  

In 2017, Sebi eased rules governing the issuance of municipal bonds in order to boost such bond market New Delhi: Sebi on Monday proposed changes to regulations for the issuance of municipal bonds as part of efforts to enable fundraising by bodies similar to municipalities. Besides, the minimum subscription amount for municipal bonds on a private placement basis be reduced …

Sebi to relax OFS framework
6 years, 1 month ago

Sebi to relax OFS framework

Live Mint  

The Securities and Exchange Board of India is set to relax rules governing offer for sale to aid the government’s disinvestment process. The regulator also plans to spare non-banking financial companies from having to disclose changes in shareholding due to encumbered or pledged shares, said the people cited above on condition of anonymity. “Sebi is considering to expand the current …

Sebi chairman Ajay Tyagi says framework for 'on-tap' bonds to be issued soon; supply of corporate bonds likely to more than double
6 years, 2 months ago

Sebi chairman Ajay Tyagi says framework for 'on-tap' bonds to be issued soon; supply of corporate bonds likely to more than double

Firstpost  

Tyagi said there is an opportunity for development of bond markets in the present NPA crisis Mumbai: Sebi chairman Ajay Tyagi on Wednesday said the regulator will soon issue the operational framework for ‘on-tap’ bond issuance by corporates. This is expected to nudge large companies to tap corporate bond market for raising their debt, though the efficacy of the framework …

SEBI cracks whip on corporates’ reluctance to issue bonds, but will it work unless the RBI too acts in tandem?
6 years, 3 months ago

SEBI cracks whip on corporates’ reluctance to issue bonds, but will it work unless the RBI too acts in tandem?

Firstpost  

The bond market is unforgiving unlike banks in the pre-IBC era, especially public sector banks that have shown monumental patience with defaulters all these years until the IBC came along. The market regulator SEBI has, at last, got tough with big corporates’ reluctance to issue bonds for their long-term needs which in its perception are a time span of more …

Sebi pushes firms to bond market to deal with bad loan issue
6 years, 5 months ago

Sebi pushes firms to bond market to deal with bad loan issue

Live Mint  

The Securities and Exchange Board of India is keen to mandate companies that have more than ₹ 100 crore as long-term borrowings compulsorily raise at least 25% of their funding needs by selling bonds. Sebi has joined the Reserve Bank of India in nudging corporates towards the bond market through its latest draft paper. The efficient risk pricing in bonds …

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