Last updated on 10 Nov 2025, 1:13 pm

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Prudential investment limits for instruments such as Additional Tier I (AT-I) bonds and Tier 2 (AT-II) bonds

Prudential investment limits for instruments such as Additional Tier I (AT-I) bonds and Tier 2 (AT-II) bonds


SEBI issued a circular on the Review of Norms regarding Investment in Debt Instruments with Special Features and the Valuation of Perpetual Bonds on March 10, 2021. Perpetual bonds or Additional Tier I Bonds are issued without any maturity date but are usually issued with call option(s) and qualify for Tier I capital. Banks have been the majority issuers of perpetual bonds.