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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Issuers of convertible debt must meet conditions: credit rating, debenture trustee, redemption reserve per Companies Act, 2013.</h1> An issuer making an initial public offer of convertible debt instruments must adhere to specific conditions: obtaining a credit rating from at least one credit rating agency, appointing at least one debenture trustee as per relevant regulations, and creating a debenture redemption reserve in line with the Companies Act, 2013. If securing the debt with assets, the issuer must ensure asset sufficiency, absence of encumbrances, and obtain necessary consents for any existing charges. The asset cover should account for prior liabilities if a second charge is involved. Redemption must follow the offer document's stipulations.
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