NSE's Electronic Debt Bidding platform (NSE-EBP)

NSE's Electronic Debt Bidding platform (NSE-EBP) for issuance of debt securities on private placement basis, made available w.e.f. July 1, 2016, is aimed to bring efficiency and transparency in the price discovery mechanism and to reduce the time and cost of these issuances.

In order to streamline procedures for issuance of debt securities on private placement basis, SEBI vide its circular no SEBI/HO/DDHS/ DDHS_Div1/P/CIR/2022/00139 dated October 10, 2022 has issued Operational Circular for issue and listing of Non-Convertible Securities, Security Receipt, Municipal Debt Securities and Commercial paper. Chapter VI of the Operational Circular provides framework for issuance of debt securities on Private Placement basis through an Electronic Book mechanism. This circular replaces the chapter VI (Electronic Book Provider Platform) of the SEBI circular no. CIR/HO/DDHS/P/CIR/2021/613 dated August 10, 2021

The usage of this platform is mandatory for the issuers with an issue size of INR 50 crores and above, inclusive of green shoe option (if any). However the platform can also be used for issues less than INR 50 crores.

The participants desirous of availing the NSE-EBP facility need to register with NSE by executing the documentation for registration. The access credentials will be shared with the authorized personnel of the participants post registration.

The participant can register themselves on NSE-EBP from the below link: https://www.nse-ebp.com/ebp/rest/login