Translate

Thursday, January 7, 2010

Debt securities...SEBI clarifies asset cover norms

Regulated finance companies no longer need to show 100% asset cover while selling unsecured debt instruments to raise capital, the Securities & Exchange Board of India (SEBI) said on Thursday.

The capital market regulator had said in November that issuers of listed debt securities should maintain 100% asset cover sufficient to discharge the principal amount at all times. This was to discourage issuers who were classifying instruments with very little asset cover as secured debt.

The SEBI note clarifies the earlier rule that no asset cover is required for debt classified as unsecured.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 05
23:00 Fed's Harker speech 2
23:00 Fed's Schmid speech 2
Friday, Jun 06
11:30 Halifax House Prices (YoY/3m) 1 2.5% 3.2%
11:30 Halifax House Prices (MoM) 1 -0.4% 0.4% 0.3%
12:30 Foreign Currency Reserves 1 704B 703B
18:00 Average Hourly Earnings (YoY) 3 3.7% 3.8%
18:00 Nonfarm Payrolls 3 130K 177K
18:00 Average Weekly Hours 1 34.3 34.3
18:00 U6 Underemployment Rate 2 7.8%
18:00 Unemployment Rate 2 4.2% 4.2%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener