Banks have to mandatorily issue AT-1 bonds on electronic platform: SEBI
IANS 07 October 2020
The Securities and Exchange Board of India (SEBI) has made it mandatory for banks to issue Additional Tier-1 bonds on the 'Electronic Book Provider' platform irrespective of issue size.
The securities market regulator on Tuesday released the norms for issuing, listing of additional tier-I bonds which will come into effect from October 12.
"The issuance of AT1 instruments shall be done mandatorily on the Electronic Book Provider (EBP) platform irrespective of the issue size," it said.
SEBI further said that issuers and stock exchanges shall ensure that only QIBs are allowed to participate in the issuance of AT-1 instruments.
The minimum allotment of AT-1 instruments shall not be less than Rs 1 crore and the minimum trading lot size for AT1 instruments shall be Rs 1 crore, as per the new norms.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
nagaraju lanka
3 years ago
My wife Bharathi has got Demat account with Karvy .As two stocks were not appearing in holding account and said to be held in pooling account by their branch office ,I have been requesting the Head office Karvy several times by mail and they have been responding to settle very soon for the last 6 months. The amount of due shares is approximately Rs.8000.
Please advise me on the issue for getting the amount back.

Thank you
Free Helpline
Legal Credit