Additional Tier 1 Instruments - Guidelines for Issuance, Listing and Trading
Additional Tier-1 (AT-1) bonds are a type of perpetual bond issued by banks and non-banking finance companies to raise capital and comply with Basel III norms. SEBI vide circular, dated October 6, 2023, issued guidelines for issuance, listing and trading of perpetual non-cumulative preference shares and innovative perpetual debt instruments / perpetual debt instruments (commonly referred to as additional tier 1 (AT 1) instruments or bonds).