Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
What are green debt securities? SEBI's 13 categories
Green debt securities are defined by Regulation 2(1)(q) of SEBI's NCS Regulations, 2021 across 13 project categories. What issuers must disclose, and when.
What is a transition bond? SEBI's GB-T rules
A transition bond funds a shift to more sustainable operations under SEBI rules. The GB-T denotation, the transition plan, and the annual disclosures explained.
What are social bonds? SEBI's 2025 ESG framework
Social bonds fund projects addressing a social issue, under SEBI's framework of 5 June 2025. The six eligible categories, disclosures and reviewer rules.
What is a sustainability-linked bond? KPIs and SPTs
A sustainability-linked bond ties its coupon or structure to targets, not to a use of proceeds. SEBI's KPI and SPT disclosure rules, in force since June 2025.
What is the Electronic Book Provider platform (EBP)?
The Electronic Book Provider platform is where large private placements of Indian debt are bid. The Rs 20 crore threshold, bidding rules and post-issue data.
What is the RFQ platform? India's bond trading venue
The RFQ platform lets bond trades be negotiated on an exchange rather than bilaterally. Who can use it, which securities are eligible, and how it settles.
What is an Online Bond Platform Provider (OBPP)?
An OBPP is a SEBI-regulated bond app: registered as a debt-segment broker, limited to listed products, with orders routed through the exchange RFQ platform.
EBP vs RFQ platform: how Indian bonds are traded
EBP vs RFQ platform compared: one is the primary-issuance auction for private placements, the other the secondary trading venue. Thresholds, users and data.
Green bonds vs sustainability-linked bonds in India
Green bonds vs sustainability-linked bonds: one restricts where the money goes, the other ties the bond's terms to targets. SEBI's two rulebooks compared.
How to spot greenwashing in green bonds: SEBI's rules
SEBI lists seven duties an Indian green bond issuer must meet to avoid greenwashing. How to check each one against the offer document and the annual report.
What are municipal debt securities in India?
Municipal debt securities are bonds issued by municipalities and state bodies under SEBI's 2015 rules, with escrow servicing and mandatory listing. Not advice.
What is commercial paper?
Commercial paper is an unsecured promissory note issued for 7 days to 1 year, in 5 lakh rupee lots, under RBI's 2024 Directions. How it is issued and reported.
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