Markets regulator Sebi has relaxed norms for debt securities issued on a private placement basis, allowing an issuer to have up to 17 International Securities Identification Numbers (ISINs) maturing in a single financial year.
An International Securities Identification Number (ISIN) is a unique 12-character alphanumeric code used globally to identify specific securities, such as bonds, stocks, derivatives, and mutual funds.
Under the revised norms, six ISINs will be available for the issuance of the capital gains tax debt securities by the authorised issuers under section 54EC of the Income Tax Act, 1961 on a private placement basis, Sebi said in a circular on Wednesday.
Of the 17 ISINs, a maximum of 12 ISINs can mature in a financial year for plain vanilla debt securities, covering both secured and unsecured instruments, it added.
Sebi said that if the total outstanding amount across these 12 ISINs maturing in a financial year reaches Rs 15,000 crore, then one additional ISIN may be permitted for every additional issuance of Rs 3,000 crore.