Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 Chapter V REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT
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Put or call option grants pre-maturity redemption rights to issuers or investors, subject to Board-specified manner and disclosure. Issuance of municipal debt securities may include a put or call option permitting issuer recall prior to maturity (call) or investor-initiated redemption ... Summary
Put or call option grants pre-maturity redemption rights to issuers or investors, subject to Board-specified manner and disclosure.
Issuance of municipal debt securities may include a put or call option permitting issuer recall prior to maturity (call) or investor-initiated redemption prior to maturity (put); exercise and implementation must follow the manner prescribed by the Board and detailed disclosure of such options must be made in the offer document or placement memorandum.
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