Examples of Tranche 1 Bonds in a sentence
Moreover, the Tranche 1 Bonds issued in this Issue are subject to statutory lock-in for a minimum period of five years from the date of Allotment.
On December 30, 2011, the Company issued and allotted 1065232 Tranche 1 Bonds having face value and issue price of Rs. 5,000 aggregating Rs. 5,326.2 million in terms of the Shelf Prospectus and Prospectus – Tranche 1.
Therefore the Company will be maintaining debenture redemption reserve to the extent of 50 per cent of the Tranche 1 Bonds issued and the Bondholders may find it difficult to enforce their interests in the event of or to the extent of a default.
In such a case, a Bondholder may after the expiry of the Lock-in Period sell or dispose of those Tranche 1 Bonds on the Stock Exchanges.
In the event that the subscription is less than Rs. 50,000.0 million of Tranche 1 Bonds, the ratio would be adjusted accordingly.
Although an application has been made to list theTranche 1 Bonds on NSE and BSE, there can be no assurance that an active public market for the Tranche 1 Bonds will develop, and if such a market were to develop, there is no obligation on us to maintain such a market.
There could be a failure or delay in listing the Tranche 1 Bonds on the Stock Exchanges.
The Bondholders are required to hold the Tranche 1 Bonds for a minimum period of five years before they can sell the same or utilise the buy-back option offered by the Company.
Even after the expiry of the Lock-in Period, there can be no assurance that a public market for the Tranche 1 Bonds would develop.
Pursuant to the SEBI Debt Regulations, the Tranche 1 Bonds can only be traded in dematerialized form, after the Lock-in Period.