Additional requirements for the issuers of transition bonds - SEBI - SEBI/HO/DDHS/DDHS_Div1/P/CIR/2023/66

..... f Non-Convertible Securities) Regulations, 2021]. On February 6, 2023, SEBI issued the revised disclosure requirements for such issuances. 2. ‘Transition bonds’ is one of the sub categories of the revised definition of ‘green debt security’. As per the SEBI (Issue and Listing of Non-Convertible Securities), transition bonds comprise of “funds raised for transitioning to a more sustainable form of operations, in line with India’s Intended Nationally Determined .....

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Additional requirements for the issuers of transition bonds - SEBI

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..... g the targets. *interim targets should also reflect the indicative figure regarding how much emissions the issuer is envisaging to reduce (ii) Brief of the project implementation strategy (iii) Details regarding the usage of technology for the project implementation (iv) Mechanism to oversee the utilization of the funds raised through transition bonds and the implementation of the transition plan. Issuers may form a committee to oversee the implementation and ensure timely completion of the defi .....

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Additional requirements for the issuers of transition bonds - SEBI

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..... ef on the progress of the implementation of the transition plan. 4. Stock Exchanges shall monitor the continuous disclosures made by issuers of transition bonds as specified at para 3.3 and 3.4 above. 5. This provisions of this circular shall come into force with immediate effect. The provisions of this circular shall be appended as new Chapter IX-B of the Operational Circular 6. This Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board .....

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Additional requirements for the issuers of transition bonds - SEBI

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