AT-1 Bonds

AT-1 Bonds: Fund houses to ask Sebi to cut maturity time for AT-1 bonds

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AT-1 Bonds: Fund houses to ask Sebi to cut maturity time for AT-1 bonds

Mumbai: Mutual funds plan to request the Securities and Exchange Board of India to relax maturity norms for additional tier-1 bonds to encourage fund houses to invest in these relatively high-yielding debt instruments that banks issue to shore up equity capital. “The Securities and Exchange Board of India (Sebi) has provided some leeway when it … Read more