Sebi reduces face value for debt securities to boost corp bond market liquidity
The regulator said the face value of each debt security or non-convertible redeemable preference share issued on private placement basis “shall be Rs 1 lakh.”Under the current rules, the face value of each debt security or non-convertible redeemable preference share issued on private placement basis is Rs 10 lakh and the trading lot is equal to the face value.
