Securities and Exchange Board of India

21.04.2016

Capital Market

Electronic book mechanism for issuance of debt securities on private placement basis

MANU/SREG/0011/2016

The Securities and Exchange Board of India lay a framework for issuance of debt securities on private placement basis through electronic book mechanism. The move is hoped to streamline procedures and enhance transparency to discover prices.

Electronic book mechanism would be mandatory for all private placements of debut securities in primary market with an issue size of Rs. 500 and over. The circular will come into effect from 1 July 2016; which SEBI feels is sufficient time for ‘Electronic Book Providers’ to obtain approval from it to provide services.

Tags : electronic book debt securities private placement

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