Sebi has proposed to exempt certain listed issuers from appointing merchant bankers for small-value debt issuances through private placement, a move aimed at reducing costs and speeding up fund-raising in the corporate bond market.
The proposal applies to debt securities or non-convertible redeemable preference shares issued on a private placement basis with a face value of Rs 10,000, referred to as “small-value debt” under Sebi’s consultation paper.
