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CS Professional · IFSCA - Regulations, Listing and Compliances · Listing and Issuance of Securities

Bluefin Capital issues plain-vanilla bonds at GIFT IFSC through a private placement to a limited set of investors and wants them listed. Which approach is consistent with the IFSCA debt framework?

Bluefin may list its privately placed bonds, provided it meets the IFSCA regulations and the exchange's listing requirements. The framework permits both public issues and private placements of debt securities for listing, and does not require prior equity listing.

  1. AListing is possible only after a public issue with a mandatory retail quota
  2. BListing of privately placed debt is not permitted in IFSC
  3. CThe issuer may list privately placed debt securities by complying with the listing requirements of the exchange and the IFSCA regulationsCorrect
  4. DThe issuer must first get listed equity shares before listing any debt

Explanation

The IFSCA framework allows debt securities to be issued by public offer or private placement and then listed, subject to disclosure and exchange listing requirements. No retail quota or prior equity listing is required.

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