Sebi gives 3-month window to unlisted bond issuers to get securities listed

According to estimates, the industry has over Rs 40,000 crore of exposure to unlisted debt papers

The Securities and Exchange Board of India (Sebi) has given a three-month window to unlisted bond issuers to get their securities listed. This would help debt mutual funds (MFs) bring down their overall exposure to such securities.

According to industry participants, the regulator has asked MFs to inform unlisted debt issuers about this window and consider this route.

The window will open on June 15 and be extended to unlisted non-convertible debentures (NCDs) held in portfolios of various debt scheme as of March 31, 2020. The issuers using this window won't be required to comply with the electronic bidding platform guidelines.

According to