Search: face value

August 2026

• 27Aug

  SEBISEBI proposes to exempt certain listed issuers from appointing a merchant banker for privately placed debt of ₹10,000 face value; comment window closed on 17 September 2026

  No merchant banker: draftComments invited

  A SEBI consultation paper issued on 27 August 2026 proposes that an issuer of privately placed debt with a face value of ₹10,000 may be exempted from appointing a merchant banker if four conditions are met: it is regulated by a financial sector regulator, listed for at least one year, has no default in the last three financial years and the current year, and the debt is senior, secured and rated at least AA-. Comments were due by 17 September 2026; the window has closed.

• 11Aug

  SEBIMunicipal bonds: SEBI sets face value at ₹1 lakh or ₹10,000 for private placements, adds a two-step escrow for pooled finance vehicles and gives more time for financial results

  Face value ₹1 lakh or ₹10,000Relief

  Following the July 2026 amendment to the municipal debt securities regulations, SEBI has specified operational norms by a circular of 11 August 2026. Privately placed municipal debt securities are to have a face value of ₹1 lakh or ₹10,000; pooled finance vehicles get a two-step escrow mechanism and a list of credit enhancement options; municipalities get 60 days for half-yearly and 90 days for annual results.