Disclosure Requirements for Issuance and Listing of Green Debt Securities

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..... ssue and listing of Green Debt Securities and listing of privately placed Green Debt Securities, in addition to the requirements as prescribed under SEBI ILDS Regulations and Circulars made thereunder, following shall be applicable: 2.1. Definition of Green Debt Securities : A Debt Security shall be considered as Green‟ or Green Debt Securities‟, if the funds raised through issuance of the debt securities are to be utilised for project(s) and/or asset(s) falling under any of the following broad categories: a. Renewable and sustainable energy including wind, solar, bioenergy, other sources of energy which use clean technology etc. b. Clean transportation including mass/public transportation etc. c. Sustainable .....

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..... he proceeds of the issue. d. Details of the project(s) and/or asset(s) or areas where the issuer, proposes to utilise the proceeds of the issue of Green Debt Securities, including towards refinancing of existing green project(s) and/or asset(s), if any. e. The issuer may appoint an independent third party reviewer/certifier, for reviewing /certifying the processes including project evaluation and selection criteria, project categories eligible for financing by Green Debt Securities, etc. Such appointment is optional and is at the part of issuer, however any such appointment of reviewer/certifier shall be disclosed in the offer document. 2.3. Continuous disclosure requirements An issuer who has listed its Green Debt Securities .....

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..... certained, then the said fact may be appropriately disclosed along with the reasons for non-ascertainment of the benefits/impact on the environment. iii. Methods and the key underlying assumptions used in preparation of the performance indicators and metrics; 2.4. Responsibilities of the issuer An issuer of Green Debt Securities shall: a. maintain a decision-making process which it uses to determine the continuing eligibility of the project(s) and/or asset(s). This includes, without limitation a statement on the environmental objectives of the Green Debt Securities and a process to determine whether the project(s) and/or asset(s) meet the eligibility requirements. b. ensure that all project(s) and/or asset(s) funded by the .....

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