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NOTICES
Notice No.   20180928-24   Notice Date   28 Sep 2018
Category   Others   Segment   Debt
Subject   Updated Operational Guidelines for issuance of Securities on Private Placement basis through an Electronic Book Mechanism
Attachments   Annexure A.pdf ;
Content

All Participants Issuers, Arrangers, Investors and Custodians are hereby informed that the Exchange has made available “BSE BOND” with effect from July 01, 2016 in line with SEBI circular no. CIR/IMD/DF1/48/2016 dated April 21, 2016 regarding Mechanism for issuance of debt securities on private placement basis through an Electronic Book Mechanism (“EBM”).

 

 

The BSE BOND platform has been upgraded as per nomenclatures entailed in the circular no: SEBI/HO/DDHS/CIR/P/2018/05 issued by SEBI on January 05, 2018. Detailed operating guidelines for BSE BOND platform were issued on March 28, 2018 and further revised effective from April 27, 2018

 

 

Furtherance to this SEBI has issued a New Circular; SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 introducing certain additions and amendments read with SEBI circular no: SEBI/HO/DDHS/CIR/P/2018/05 issued by SEBI on January 05, 2018.

 

 

Please find appended below the revised operational guidelines for participation in “BSE BOND” of BSE in Annexure A. The guidelines also exhibit the requirements to be complied by Issuer(s)/ Arranger(s)/ QIB/Non-QIB investors/ Custodian(s) intending to select the Electronic Bidding Platform (“EBP”) of BSE- BSE BOND for issuances of securities on private placement basis.

 

 

The updated Operational Guidelines encompasses details on Mode of bidding (Open/ close), Multiple yield allotment, Multiple bids by Investor, Allotment on yield-time priority, Pay-in of  funds through escrow bank account of Issuer ( as per the discretion of the Issuer).

 

The updated Operational Guidelines will be applicable to all issues announced and notified on or after October 1, 2018.

 

 

For any further clarifications, Issuer(s)/ Arranger(s)/ QIB/Non-QIB investor(s) / Custodian(s) may contact following officials at the Exchange:

 

 

Name of Official

Contact Number

Department

Email ID

Hemlata Agarwal

022 2272 8844

Listing Sales

hemlata.agarwal@bseindia.com / bse.bond@bseindia.com

Bharti Bhambwani

022 2272 8362

Listing Sales

bharti.bhambwani@bseindia.com/ bse.bond@bseindia.com

Ashwini Dalvi

022 2272 8550

Listing Sales

ashwini.dalvi@bseindia.com/ bse.bond@bseindia.com

 

 

 

Bhushan Mokashi

 

Additional General Manager

 

Listing Sales and Ops

September 28, 2018