SEBI has allowed relaxation from the ISIN restriction limit for issuers desirous of listing originally unlisted ISINs outstanding as on December 31, 2023. The relaxation of ISIN limits for grandfathered unlisted ISINs is a positive step towards:
- Promoting Transparency: By encouraging issuers to list unlisted debt securities, the move is expected to enhance market visibility and investor access to a wider range of investment opportunities.
- Increasing Market Liquidity: With more debt securities being listed, liquidity in the corporate bond market is likely to improve, benefiting both issuers and investors.
- Simplifying Compliance: Issuers no longer need to worry about ISIN limits when converting unlisted securities into listed ones, thereby simplifying the process of bringing their outstanding debt into the market.
