The Finance Ministry has written to India’s capital market regulator, asking it to withdraw recently issued guidelines on valuing perpetual bonds, such as additional tier-1 securities issued by banks. On Wednesday, the Securities and Exchanges Board of India had asked that these be valued as 100-year bonds. The directive, due to kick-in from Apr.1, 2021, was part of a wider circular on prudential
Read more at: https://www.bloombergquint.com/business/finance-ministry-asks-sebi-to-withdraw-valuation-guidelines-for-perpetual-bonds
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