Disclosure requirements for municipal debt securities: mandated exhaustive issuer, project, financial, rating and risk disclosures. The Schedule mandates exhaustive disclosures in the draft offer document or placement memorandum for issuers of municipal debt securities intended for listing, including issuer identity and governance, intermediary and trustee details, constitution and capital structure, project level objects and financing plans, itemised issue expenses and tax benefits. It requires recent credit rating rationale, credit enhancement and escrow details, application and allotment procedures, and a comprehensive term sheet covering instrument mechanics. Extensive three year financials, borrowing schedules, top debenture holders, property tax and revenue metrics, litigation and creditor dues, defaults and material events must be disclosed. Issuer undertakings, submission of documents to trustees, segregation of proceeds, and detailed risk factor disclosure with mitigation must be provided.