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The Economic Times
The Economic Times

Sebi proposes raising annual ISIN limit for private debt securities to 17

Markets regulator Sebi on Monday proposed increasing the maximum number of ISINs, the unique identification numbers for securities, that can mature in a financial year for privately placed debt securities to 17 from the existing 14, in a move aimed at easing liquidity and refinancing pressures for NBFCs and large corporates.

Under the proposal, the maximum number of ISINs maturing in a financial year would comprise up to 12 ISINs for plain-vanilla debt securities, against nine currently, and up to five ISINs for structured debt securities, market-linked debt securities, Floating Rate Bonds (FRBs), Zero Coupon Bonds (ZCBs) and Debt Capital instruments (Tier-II bonds), the Securities and Exchange Board of India said in its consultation paper.

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