Additional requirements for the issuers of transition bonds

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.... Sub: Additional requirements for the issuers of transition bonds 1. On February 2, 2023, the revised definition of 'green debt security' was notified in the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 [See Regulation 2(1)(q) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021]. On February 6, 2023, SEBI issued the revised disclosure requ....

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....llowing additional disclosures: 3.1 Disclosure in the offer document for public issues /private placements of such transition bonds: a. To differentiate transition bonds from other categories of green debt security, Issuer of transition bonds shall use a denotation 'GB-T'. The denotation shall be disclosed in the offer documents on the cover page and in type of instrument field in the ....

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....a. An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation i.e. GB-T in sub point 6 i.e. Others (Please specify) of point 10. i.e. Type of Instrument of Annex-XIV-A to Chapter XIV (Centralized Database for corporate bonds/ debentures) of the Operational Circular dated August 10, 2021 (and as amended from time to time). ....

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....to force with immediate effect. The provisions of this circular shall be appended as new Chapter IX-B of the Operational Circular 6. This Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 55 (1) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, to protect the inte....