• Corporate
• Markets
• Info-Tech
• Marketing
• Money & Banking
• Agri-Biz & Commodities
• Industry & Economy
• Logistics
• Government
• Opinion
• Columns
• States
• Web Extras
• Index

• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

• Rates

• Ports

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Subscription

• Business Line

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

MUMBAI: Market regulator SEBI on Thursday proposed simplifying the corporate debt issuance process with a view to reducing costs and enhancing transparency in bond offerings.

In a consultative paper on the proposed Draft SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the regulator said they provide for rationalised disclosure requirements and a reduction of onerous obligations attached to such issues. It said the draft regulations were aimed at making a rationalised and stand-alone regulation for providing an enabling regulatory framework for the corporate debt market.

"Modifications have been aimed at reducing time and unnecessary burden of issuance of these securities and according flexibility to issuers to structure their instruments, without diluting areas of regulatory concern,'' the draft paper said.

SEBI has invited public comments on the draft regulations by January 23 through e-mail and by January 19 through post. The regulations cover issuance and listing of debt securities which are not convertible, either in whole or in part into equity instru ments. - PTI

Prev: Bank unions call strike to oppose SBI arms merger
Next: Canara Bank Rs 700-cr bond issue opens on Jan 7

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line