Tuesday January 24 2023
News Source: Global Exchanges
Focus: Fixed Income
On 22nd January 2023, the Securities and Exchange Board of India (SEBI) the Securities and Exchange Board of India (SEBI) announced that to develop Bond markets, an outreach programme on Municipal Bonds and Municipal Finance was organized on January 20th and 21th, 2023 to provide a common platform for stakeholders to discuss the concerns of the issuers of Municipal Debt Securities, the requirements of investors, the extant regulatory framework and to recommend measures to increase awareness of and improve traction in the market for Municipal Debt Securities.
The information database contains a wide range of information in the form of statistics and regulations, circulars, guidance note and Frequently Asked Questions issued by SEBI in respect of Municipal Debt Securities. Significantly, the repository contains various checklists for pre-listing requirements and sample letters and certificates from various intermediaries to be obtained by an Issuer who plans to tap the Municipal Bond Market. Templates for agreements between various stakeholders and an indicative Due Diligence Questionnaire for Merchant Bankers are also included While this repository would serve as a guide.
Click on the above link for further information