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Consolidation and re-issuance

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.... time] subject to the fulfillment of the following conditions: a) ^3[the articles of association of the issuer shall not have any provision, whether express or implied, contrary to such consolidation and re-issuance;] b) the issue is through private placement; c) the issuer has obtained fresh credit rating for each re-issuance from at least one credit rating agency registered with the Boa....

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