Periodic disclosures by issuers required to report material changes and servicing metrics and investor redressal for municipal bonds. Schedule V requires issuers of municipal debt securities to disclose material adverse changes affecting ability to service bonds; proposals for pre ... Summary
Periodic disclosures by issuers required to report material changes and servicing metrics and investor redressal for municipal bonds.
Schedule V requires issuers of municipal debt securities to disclose material adverse changes affecting ability to service bonds; proposals for pre payment and bond valuation for transfers before maturity; key financial and servicing ratios including debt-equity, debt service coverage and interest service coverage; and half yearly returns on bond servicing, credit enhancement facilities, asset cover maintenance and investor grievance redressal, with disclosures made to the stock exchange and debenture trustee where applicable.
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