Operational Guidelines for issuance of Additional Tier 1 (AT 1) instruments) through Electronic Book Mechanism

• Notice No: 20201012-32
• Notice Date: 12 Oct 2020
• Category: Others
• Segment: Debt

All market participants are hereby notified that SEBI has issued a Circular; SEBI/HO/DDHS/CIR/P/2020/199 dated October 6, 2020 titled “Issuance, listing and trading of Perpetual Non-Cumulative Preference Shares (PNCPS) and Innovative Perpetual Debt Instruments (IPDIs)/ Perpetual Debt Instruments (PDIs) (commonly referred to as Additional Tier 1 (AT 1) instruments)” effective from October 12, 2020.

Operating guidelines for participation on “BSEBOND” of BSE is entailed in Annexure A. This encompasses details for issuance of AT1 instruments via Electronic Book Mechanism as per aforementioned SEBI Circular and same is applicable from October 12, 2020 onwards.

Please note that the functionality of bidding and settlement as entailed in Operational Guidelines of BSEBOND as last updated on September 28, 2018 (applicable to all issues announced and notified on or after October 1, 2018) in line with SEBI Circular no: SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 read with SEBI circular no: SEBI/HO/DDHS/CIR/P/2018/05 issued by SEBI on January 05, 2018 shall be applicable for issuance of AT 1 instruments October 12, 2020 as per SEBI Circular No :SEBI/HO/DDHS/CIR/P/2020/199.

For any further clarifications market participants may contact following officials at the Exchange:

Name of Official	Contact Number	Department	Email ID
Hemlata Agarwal	022 2272 8844	Listing Sales	[e-mail]
Bharti Bhambwani	022 2272 8362	Listing Sales	[e-mail]
Ashwini Dalvi	022 2272 8550	Listing Sales	[e-mail]
Gurpreet Kaur Kalsi	022 2272 8392	Listing Sales	[e-mail]
Group e-mail ID	[e-mail]

Bhushan Mokashi

Additional General Manager

Listing Sales and Ops

October 12, 2020