Additional requirements for issue of convertible debt instruments

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..... ons, an issuer making a public issue of convertible debt instruments shall also comply with the following conditions: a) it has obtained credit rating for such convertible debt instrument from one or more credit rating agencies; b) it has appointed at least one debenture trustee in accordance with the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Debenture T .....

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..... has been obtained and submitted to the debenture trustee before the opening of the issue; iv) the security or asset cover shall be arrived at after reduction of the liabilities having a first or prior charge, in case the convertible debt instruments are secured by a second or subsequent charge. (2) The issuer shall redeem the convertible debt instruments in terms of the offer document. - - statu .....

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