Professional Documents
Culture Documents
FOR DEBENTURES
Prepared by
HARIKRISHNAN N R
T4 MBA
SEBI
The Securities and Exchange Board of India (SEBI) is the
designated regulatory body for the finance and investment
markets in India. The board plays a vital role in maintaining
stable and efficient financial and investment markets by
creating and enforcing effective regulation in India's financial
marketplace.
Debenture
• A debenture is a medium to long-term debt format that
is used by large companies to borrow money.
• Debentures are typically loans that are repayable on a
fixed date, but some debentures are irredeemable
securities (these are sometimes called perpetual
bonds), which means that they do not have a fixed
date of expected return of the funds.
Convertible debentures
Non-convertible debentures
Regular debentures which cannot be converted into equity shares of the
liable company. Since they are not able to convert, they usually carry
higher interest rates than convertible debentures.
SEBI GUIDELINES FOR DEBENTURES
1. Credit Rating
2. Disclosure
3. Debenture Trustee
4. Debenture Redemption Reserve(DRR)
5. Conversion
6. Listing
Credit Rating