{"id":313405,"date":"2026-10-16T12:45:36","date_gmt":"2026-10-16T07:15:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=313405"},"modified":"2026-10-16T12:45:36","modified_gmt":"2026-10-16T07:15:36","slug":"how-sebi-changes-to-bonds-could-help-nbfcs","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/how-sebi-changes-to-bonds-could-help-nbfcs\/","title":{"rendered":"How Sebi’s Changes to Bonds Could Help NBFCs"},"content":{"rendered":"

Sebi bond changes in October 2026 lift the cap on ISINs per issuer for privately placed debt from 14 to 17 a year, effective 7 Oct 2026. The board also approved an easing of Regulation 62A on unlisted NCDs on 24 Sep, but that is not yet in force. NBFCs, which rely on bonds to match loan cash flows, are among the likely beneficiaries. I could not read the Mint explainer, so the NBFC angle is built from SEBI and CRISIL sources.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

The Sebi bond changes raise the maximum number of ISINs an issuer can have maturing in a financial year for privately placed debt from 14 to 17, with immediate effect from 7 October 2026. Plain vanilla debt gets 12 ISINs instead of 9, and an issuer can add one more for each extra Rs 3,000 crore outstanding beyond Rs 15,000 crore. NBFCs can use the extra room to spread maturities across the year, which helps asset liability management, while a separate board approval to ease Regulation 62A on unlisted NCDs is still awaiting notification. The Sebi bond changes help the supply side, but NBFC funding costs still depend on bond yields, which rose in early 2026.<\/p>\n<\/p><\/div>\n

A bond issuer gets a separate ISIN, a unique code, for each issue, and every ISIN fragments trading in the secondary market. Sebi bond changes try to balance that against the need of lenders such as NBFCs to match what they borrow with the cash they expect to collect on loans.<\/p>\n

This guide covers what the Sebi bond changes actually say, how the ISIN limit works for an NBFC, what the Regulation 62A change means, how NBFC funding has moved and what to watch. It is educational and not a recommendation to buy or sell any bond or stock.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n