Page 4 - Debt Securities
Fell short of mandatory borrowing through debt securities in FY20: PNB HF
The housing finance company (HFC) said its incremental borrowing last fiscal was Rs 21,870 crore
 "Fell short of mandatory borrowing through debt securities in FY20: PNB HF")
After Franklin fiasco, unlisted debt securities come under Sebi scrutiny
Industry estimates suggest Rs 5,700 crore exposed to such papers
 "After Franklin fiasco, unlisted debt securities come under Sebi scrutiny")
Change in debt valuation norms from April 1 to impact liquid schemes
Market participants said that some volatility has already been factored in the schemes
 "Change in debt valuation norms from April 1 to impact liquid schemes")
Tata Steel committee of directors approves raising Rs 670 cr via NCDs
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
 "Tata Steel committee of directors approves raising Rs 670 cr via NCDs")
New debt disclosure norms to improve transparency, say fund managers
Legal experts said the move to specify penalties for default in payment or delay in listing in the term-sheet will bring in more legal sanctity
 "New debt disclosure norms to improve transparency, say fund managers")
The curiously persistent rise in inter-scheme transfers of debt securities
MFs transferred over a trillion rupees worth of paper between schemes last year
 "The curiously persistent rise in inter-scheme transfers of debt securities")
Sebi allows Reits, InvITs to issue debt securities
Capital market regulator Securities and Exchange Board of India (Sebi) on Monday allowed infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) raise capital by issuing debt securities. The Sebi board, at its meeting on Monday, also made several other relaxations to the InvIT and REIT framework to give a boost to the stalled infrastructure projects in the country.InvITs and REITs is an investment vehicle that allows investors take exposure to an income-generating infrastructure project or real estate property. Current framework allowed launch of equity-oriented REIT and InVIT, which offered only indicative yield but not a fixed yield. Issue of debt-oriented REIT and InVIT will offer a fixed-return to investors, which could give a fillip to these instruments, said bankers. Further, Sebi has extended the concept of 'strategic investor' for REIT. Currently, it was only allowed for InVITs, which has seen two issues in the domestic market. It also allowed ...
 "Sebi allows Reits, InvITs to issue debt securities")
