Clarification on the valuation of bonds issued under Basel III framework

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..... am, Subject: Clarification on the valuation of bonds issued under Basel III framework. 1. SEBI, vide para 8 of the circular No. SEBI/HO/IMD/DF4/CIR/P/2021/032 dated March 10, 2021, has inter alia stated that the maturity of all perpetual bonds shall be treated as 100 years from the date of issuance of the bond for the purpose of valuation. 2. Based on the representation of the Mutual .....

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..... 30 Contractual Maturity April 01, 2023 onwards 100 * Contractual Maturity *100 years from the date of issuance of the bond. Macaulay Duration for bonds issued under Basel III framework shall be calculated based on the deemed residual maturity as mentioned in the above table. 3. Further, if the is .....

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..... of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 , read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 , to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Lamber Singh Deputy General Manager Tel no.: 02 .....

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