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of <h1>SEBI Guidelines: Credit Ratings, Trustee Appointment, and Compliance for Convertible Debt Issues Explained in Detail</h1> The SEBI guidelines for issuing convertible debt instruments require companies to obtain and disclose credit ratings from registered agencies before making public or rights issues. Companies must appoint debenture trustees and execute trust deeds within three months of issue closure. Trustees are empowered to protect debenture holders' interests and must ensure compliance with asset security and fund utilization. A Debenture Redemption Reserve must be created for debenture redemption, and dividend distribution requires trustee approval if there are defaults. The offer document must detail the security, asset cover, and conversion terms. Rollovers and conversions require SEBI filing and debenture holder consent.
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