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<h1>Zero coupon bond notification requirements: issuance subject to rating, listing, investment undertakings and compliance conditions.</h1> Notification of a proposed zero coupon bond requires an application in Form No. 5B with prescribed documents, timely filing and disposal, and government satisfaction of conditions including specified bond tenor, investment grade ratings from at least two registered credit agencies, listing arrangements, issuer undertakings on staged investment of proceeds (with different schedules for infrastructure issuers and public sector companies), and a sinking fund requirement for infrastructure debt funds; the notification will state key particulars and may be withdrawn if conditions or annual accountant-certified investments in Form No. 5BA are not met.