Sebi mulls expanding definition of QIB for debt securities - Times of India
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NEW DELHI: Capital markets regulator Sebi on Tuesday proposed expanding the definition of qualified institutional buyer ( QIB ) for investing in debt securities in a bid to increase the supply of funds to the issuers of such securities. The regulator suggested that certain categories of investors should be included in the QIB segment such as Sebi-regulated entities as well as multistate cooperatives with net worth of over Rs 500 crore. Among others, pension funds, banking financial companies and housing finance companies, small finance banks, reinsurance companies, refinancing agencies such as MUDRA and universities should be included in the QIB category. The proposed move would increase the potential investor base for issuers of debt securities and help in further developing the debt markets, Sebi said in its consultation paper. The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals till May 29. In its consultation paper, the regu