Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions. Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the ... Summary
Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions.
Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the disclosed bidding period, in cases of force majeure, banking strikes or similar circumstances, for a minimum additional period of three working days.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.