Current Affairs - Finance - Discussion

The existing regulations (withdrawn now) allow issuance of only revenue bonds with a minimum tenure of 3 years and a maximum of 5 years, if it is a public issue. In case of private placements, the minimum subscription amount per investor currently at Rs 25 lakh has been reduced to Rs 10 lakh to align it with the regulations for corporate bonds. Any offer (private placement) or invitation made to qualified institutional buyers shall not be considered while calculating the limit of 200 persons.