All market participants including Issuers, Arrangers, Investors and Custodians are hereby informed that, “BSEBOND” (Electronic Book Provider “EBP” Platform) of BSE was first made available with effect from July 01, 2016 in line with SEBI circular no. CIR/IMD/DF1/48/2016 dated April 21, 2016. Subsequent revisions were introduced vide SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/05 issued by SEBI on January 5, 2018, SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/122 issued on August 16, 2018 and the latest one being SEBI/HO/DDHS/ DDHS_Div1/P/CIR/2022/00139 issued on October 10, 2022
Pursuant to which, BSE issued the “Operational Guidelines for participation on BSEBOND (EBP platform of BSE)” on December 28, 2022 that became effective January 1, 2023 onwards.
Undermentioned changes are being introduced in line with the abovementioned BSEBOND operational guidelines:
1. An arranger can bid on behalf of eligible participants provided they are mapped for the issue, not later than one hour before the bidding start time
Note: Conditions pertaining to an arranger’s bid on behalf of multiple eligible participants, subject to the limits for each participant shall continue to remain the same as entailed earlier in BSEBOND operational guidelines.
2. In case of multiple yield allotment for zero-coupon bonds, the ‘cut-off’ price determined in the bidding process shall be applicable on the anchor investor(s).
Revised BSEBOND Operational guidelines titled “Operational Guidelines for participation on BSEBOND (EBP platform of BSE)” shall come into effect for all transactions that open for bidding on BSEBOND from April 24, 2023 onwards. Please refer Annexure A and Annexure B attached as part of this notice.
For any further clarifications, market participants including, Issuer(s)/ Arranger(s)/ QIB/Non-QIB investor(s) / Custodian(s) may contact following officials at BSE:
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Name
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Department
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Contact Number
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Email ID
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Hemlata Agarwal
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Fixed Income
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011 25782116/17/18
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hemlata.agarwal@bseindia.com
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Ashwini Dalvi
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Fixed Income
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022 2272 8550
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ashwini.dalvi@bseindia.com
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Snehal Patil
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Fixed Income
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022 2272 8392
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snehal.patil@bseindia.com
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Group Email ID
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bse.bond@bseindia.com
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Bhushan Mokashi
General Manager
Listing Sales and Operations
April 17, 2023 |