CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
Shelf prospectus filing enables eligible issuers to make multiple debt issuances subject to eligibility, disclosure and issuance limits. Filing of a shelf prospectus under Regulation 6A permits specified classes of issuers to make public issuances of debt securities if they meet prescribed ... Summary
Shelf prospectus filing enables eligible issuers to make multiple debt issuances subject to eligibility, disclosure and issuance limits.
Filing of a shelf prospectus under Regulation 6A permits specified classes of issuers to make public issuances of debt securities if they meet prescribed eligibility criteria-including net worth, profit track record, minimum credit rating, absence of pending regulatory action and no recent defaults. The issuer must file an information memorandum with recognised stock exchanges and the Board on filing with the Registrar, containing prescribed disclosures, a summary term sheet, material updates including rating revisions and financial ratios, and a shelf prospectus may be used for at most four issuances.
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