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of <h1>Issuers Set Minimum Subscription for Debt Securities; Must Refund if Not Met per Regulation 12 of SEBI 2008 Rules.</h1> Regulation 12 of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, allows the issuer to determine the minimum subscription amount for a public issue of debt securities, which must be disclosed in the offer document. If the minimum subscription is not received, the issuer is required to promptly refund all application monies to the applicants.
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