MANU/SDIP/0002/2017

Ministry : Securities and Exchange Board of India

Department/Board : Investment Management Department

Circular No. : CIR/IMD/DF/51/2017

Date : 30.05.2017

To

All Issuers of Corporate Debt Securities
All Recognized Stock Exchanges All Registered Merchant Bankers

Dear Sir / Madam,

Disclosure Requirements for Issuance and Listing of Green Debt Securities

1. SEBI (Issue and Listing of Debt Securities) Regulations, 2008 ("SEBI ILDS Regulations") , govern public issue of debt securities and listing of debt securities issued through public issue or on private placement basis, on a recognized stock exchange.

2. For public issue and listing of Green Debt Securities and listing of privately placed Green Debt Securities, in addition to the requirements as prescribed under SEBI ILDS Regulations and Circulars made thereunder, following shall be applicable:

2.1. Definition of Green Debt Securities :

A Debt Security shall be considered as "Green? or "Green Debt Securities?, if the funds raised through issuance of the debt securities are to be utilised for project(s) and/or asset(s) falling under any of the following broad categories:

a. Renewable and sustainable energy including wind, solar, bioenergy, other sources of energy which use clean technology etc.

b. Clean transportation including mass/public transportation etc.

c. Sustainable water management including clean and/or drinking water, water recycling etc

d. Climate change adaptation

e. Energy efficiency including efficient and green buildings etc.