Corporates will soon be able to sell bonds directly to investors using stock exchanges, says report
Updated : August 27, 2018 09:58 AM IST
On tap issues would offer greater leeway that shelf-prospectus which currently allows corporates to issue bonds by using the same document multiple times.
In ‘tap’, unlike a ‘shelf ’, a string of formalities like dealing with the registrar, merchant banker, or issuing new advertisements and application forms can be done away with.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more