Which of the following issues of securities shall be made through the EBP platform (Electronic Book Provider)?

Solution

The following issues of securities shall be made through the EBP platform: ·         A private placement of debt securities and NCRPS as per the provisions of SEBI NCS Regulations, 2021, if it is: a) a single issue, inclusive of green shoe option, if any, of Rs. 50 crore or more b) a shelf issue, consisting of multiple tranches, which cumulatively amounts to Rs.50 crore or more, in a financial year; and c) a subsequent issue, where aggregate of all previous issues by an issuer in a financial year equal or exceeds Rs. 50 crore. ·         Issues of debt securities and NCRPS on private placement basis, irrespective of issue size, by issuers who are in existence for less than three year ·         The issuance of PDIs, PNCPS, PCPS, RNCPS, and instruments of similar nature which are essentially non-equity regulatory instruments, forming part of a bank’s or NBFC’s capital irrespective of the issue size. ·         An issuer, if desirous, may choose to access EBP platform for private placement of municipal debt securities or CPs or CDs also. ·         Issuers of debt securities and NCRPS on private placement basis of issue size less than Rs. 50 crore may also choose to access the EBP platform for such issuances.