Additional requirements for the issuers of transition bonds


SEBI vide circular dated May 04, 2023 has issued additional requirements for the issuers of transition bonds. An issuer desirous of issuing transition bonds shall make the following additional disclosures:

  1. Disclosure in the offer document for public issues /private placements of such transition bonds:
  2. To differentiate transition bonds from other categories of green debt security, Issuer of transition bonds shall use a denotation ‘GB-T’. The denotation shall be disclosed in the offer documents on the cover page and in type of instrument field in the term sheet.
  3. Transition Plan

An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation. The Depositories shall update the denotation i.e. GB-Tas prefix in “instrument details” field in Centralized Database for corporate bonds/ debentures.

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