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TMI BlogAdditional requirements for the issuers of transition bondsX X X X Extracts X X X X X X X X Extracts X X X X ..... f transition bonds 1. On February 2, 2023, the revised definition of 'green debt security' was notified in the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 [See Regulation 2(1)(q) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021]. On February 6, 2023, SEBI issued the revised disclosure requirements for such issuances. 2. 'Transition bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the offer document for public issues /private placements of such transition bonds: a. To differentiate transition bonds from other categories of green debt security, Issuer of transition bonds shall use a denotation 'GB-T'. The denotation shall be disclosed in the offer documents on the cover page and in type of instrument field in the term sheet. b. Transition Plan, which shall contain the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by filling the denotation i.e. GB-T in sub point 6 i.e. Others (Please specify) of point 10. i.e. Type of Instrument of Annex-XIV-A to Chapter XIV (Centralized Database for corporate bonds/ debentures) of the Operational Circular dated August 10, 2021 (and as amended from time to time). b. The Depositories shall update the denotation i.e. GB-T as prefix in "instrument details" field in Central ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cular 6. This Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. 7. This Circular ..... X X X X Extracts X X X X X X X X Extracts X X X X
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