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:
- Disclosure in the offer document for public issues /private placements of such transition bonds:
- 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.
- 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.