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Clarification on aspects related to day count convention for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008

Clarification on aspects related to day count convention for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008

Circular Dated 11.11.2016

  • If the interest payment date falls on a holiday, the payment can be made on the following working day. However, the subsequent payments will be as per schedule and there will be no changes to it.
  • For consistency of interest calculation, a uniform method to be followed.
  • Payments to be made only on the days of money market functioning in Mumbai for the sake of uniformity.

 

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