Media Release

BSE gets SEBI approval to launch “BSE–BOND”- Electronic Book Mechanism for issuance of debt securities on private placement

Mumbai, June 21, 2016: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, gets another feather in its hat by receiving SEBI’s accord to launch Electronic Book Mechanism (EBM) for issuance of debt securities on private placement.

This mechanism would help in streamlining the procedures for issuance of debt securities on private placement basis. Known as BSE–BOND (BSE Bidding Online for Debt), this would ensure transparency while dealing in debt securities.

As per SEBI circular CIR/IMD/DF1/48/2016 dated 21 April, 2016, this Mechanism would come into effect from July 01, 2016. Any issuer can use the Electronic Book Mechanism. However, an issuer coming out with an issue of more than Rs.500 Crore (inclusive of the green shoe option) would have to mandatorily use this Mechanism.

Benefits of using BSE-BOND Platform:

ü  Efficient price discovery

ü  Reduction in timelines

ü  Cost effective

ü  User-friendly

ü  Confidentiality of data and bids would be maintained

About BSE

BSE Ltd. (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd, is Asia’s first & now world’s  fastest Stock Exchange with the speed of 6 microseconds BSE is  India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE has remained the preferred choice of listing with debt Issuers over the past few years. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.

Media Contact:

Yatin Padia

022 2272 8516

Yatin.padia@bseindia.com