No proposal yet on SLR status for SEB bonds: RBI
“There is no proposal as of now. SLR status is given only to bonds issued under approved market borrowing,” Khan told reporters on the sidelines of the capital markets conference by Ficci on Friday.
As part of the restructuring plan, the government has proposed that 50% of SEB loans will be converted into bonds and the rest will have to be recast by banks by giving a moratorium period. It is unclear if the bonds will carry a guarantee of the state to which the distribution company belongs.
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