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Sebi launches information database on municipal bonds

The information database will give users access to a wide range of information in the form of statistics and regulations, circulars, guidance note, and FAQs issued by Sebi concerning municipal debt securities

January 22, 2023 / 06:32 PM IST

The Securities and Exchange Board of India (Sebi) has launched an information database including a repository of information pertaining to municipal bonds on its website to assist municipal debt issuers and other stakeholders in the municipal debt market.

The information database will also be accessible by using a QR Code. Users will gain access to a wide range of information in the form of statistics and regulations, circulars, guidance note, and FAQs issued by Sebi concerning municipal debt securities. The repository also contains various checklists for pre-listing requirements and sample letters and certificates from various intermediaries to be obtained by an issuer who plans to tap the municipal bond market; templates for agreements between various stakeholders and an indicative due diligence questionnaire for merchant bankers are also included. “While this repository would serve as a guide, it is also hoped that it would result in more awareness,” Sebi said in a release.

The market regulator introduced a regulatory framework for the issue, listing and trading of municipal debt securities in 2015. It was reviewed again by Sebi in 2019.

Also read: Listing municipal bonds can pave way for developing secondary market: RBI