Secondary Market for Corporate Debt Securities

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..... , Sub: Secondary Market for Corporate Debt Securities. 1. Companies have been issuing debt securities on private placement basis from time to time. In order to provide greater transparency to such issuances and to protect the interest of investors in such securities, it has been decided that any listed company making issue of debt securities on a private placement basis and listed on a stock exc .....

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..... t securities shall be issued and traded in demat form. 1.5. The company shall sign a separate listing agreement with the exchange in respect of debt securities and comply with the conditions of listing. 1.6. All trades with the exception of spot transactions, in a listed debt security, shall be executed only on the trading platform of a stock exchange. 1.7. The trading in privately placed debts .....

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..... lations for the implementation of the above decision immediately, as may be applicable. 2.2 bring the provisions of this circular to the notice of the listed companies/member brokers/clearing members of the Exchange and also to disseminate the same on the website for easy access to the investors; and 2.3 communicate to SEBI, the status of the implementation of the provisions of this circular in .....

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