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Sebi gives 3 months to unlisted bond issuers in debt funds to list

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₹41,500 crore of unlisted NCDs across all types of schemes, excluding liquid schemes as on 31 March. A large chunk of these unlisted debt is held by the six debt schemes which are under the winding up process.Many of these NCDs are issued by marquee issuers and used to be considered liquid investments.

These have turned illiquid due to market volatility in the current covid-19 situation, causing challenges for mutual funds.“Further, some of the same issuers' listed NCDs issued after 1 October trade regularly, but the unlisted NCD of the same issuer with the same rating and potentially a shorter maturity has become completely illiquid.

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COVID-19
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Russia
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