EBP platform must for private debt issue size above Rs 20 crore

Mumbai: Sebi has proposed to make electronic book provider (EBP) platform mandatory for all private placement of debt securities of issue size of over ₹20 crore from the current threshold of ₹50 crore.

It has also proposed extending products on the EBP platform to infrastructure investment trusts (InvITs) and real estate investment trusts (REITs). For private placement of units of InvITs and REITs above ₹1,000 crore, issuer has to access the EBP platform for such issuances, it said in a consultation paper on Thursday. Further, the green shoe portion in issues should not exceed three times the base issue size, the regulator said.