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TMI BlogClarifications with respect to circular on “Specifications related to International Securities Identification Number (ISINs) for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008”X X X X Extracts X X X X X X X X Extracts X X X X ..... To All Issuers All Recognized Stock Exchanges All Depositories Dear Sir/Madam, Sub.: Clarifications with respect to circular on Specifications related to International Securities Identification Number (ISINs) for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 . 1. SEBI had issued a circular No. CIR/IMD/DF-1/67/2017 dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f so desires, may issue additional debt securities for the balance period viz. remaining period of maturity of earlier debt securities. For example, if an issuer has issued debt securities in the month of August 2017 having maturity period of three years and callable after one year, then in such a scenario if the call option is exercised in the month of August 2018, then for the balance two years ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion of partly paid debt securities to fully paid debt securities, such conversion shall not be counted as an additional ISIN under paragraph 2.1.2 of ISIN circular. 1.5. With respect to Paragraph 2.2 of the ISIN circular, it is clarified that the exemption as granted under paragraph 2.2.5 of the said circular shall also be available to All India Term Lending and Refinancing Institutions (AITLR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... circular. 1.7. With respect to paragraph 2.3.3 of the ISIN circular, it is clarified that the issuer shall, while making an issue of debt securities, disclose upfront in the Information Memorandum/Disclosure Document that further issuances may be made under the same ISIN. However, if such a disclosure is not made by the issuer then compliance shall have to be made with regulation 59 of the SEB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... This Circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework . Yours faithfully, Richa G. Agarwal Deputy General Manager Department of Debt and Hybrid Securities [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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