Secondary Market for Corporate Debt Securities

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....ministrators Of All Stock Exchanges Dear Sir/Madam, Sub: Secondary Market for Corporate Debt Securities. 1.  Companies have been issuing debt securities on private placement basis from time to time. In order to provide greater transparency to such issuances and to protect the interest of investors in such securities, it has been decided that any listed company making issue of debt....

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....tee registered with SEBI in respect of the issue of the debt securities. 1.4.  The debt securities shall be issued and traded in demat form. 1.5.  The company shall sign a separate listing agreement with the exchange in respect of debt securities and comply with the conditions of listing. 1.6.  All trades with the exception of spot transactions, in a listed debt security, s....

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....y SEBI. 2.   The stock exchanges are directed to: 2.1  make necessary amendments to the listing agreement, bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable. 2.2  bring the provisions of this circular to the notice of the listed companies/member brokers/clearing members of the Exchange and also to disseminate....