Sebi to clear framework on green bonds
The Securities and Exchange Board of India (SEBI) is set to unveil rules on monitoring the end-use of green bonds and may propose incentives for companies to issue them at its board meeting on Monday. “Sebi is working on regulations that will incentivise companies to launch green bonds. We would like these bonds to be listed on the domestic exchanges instead of on overseas exchanges,” said a source privy to the development. “Regulations by SEBI are likely to be followed by regulations by the Reserve Bank of India (RBI) so that they can offer competitive rates,” said another person familiar with the matter. Neither source wished to be named because no official statement had been made yet.