Question

To label a bond specifically as a "Social Bond" under SEBI's framework, which of the following is a mandatory operational requirement for issuers?

A The issuer must distribute 50% of the profits directly to local community members.
B The issuer must demonstrate clear governance around project selection, population targeting, and performance tracking.
C The bond must have a mandatory maturity period of exactly 15 years.
D The issuer must be a non-profit company registered under Section 8 of the Companies Act.
E The bond must offer a higher interest rate than standard commercial bank fixed deposits.
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