Entire Section

  • Offer for Subscription

    • 22.02

      An offer for subscription is an offer to the public by or on behalf of an issuer of its own debt securities for subscription.

    • 22.03

      The subscription of the debt securities need not be underwritten, provided that full disclosure to that effect is made and the minimum nominal amount of debt securities referred to in rule 23.08 is actually issued.

    • 22.04

      In the case of offers by tender, the Exchange must be satisfied as to the fairness of the basis of allotment so that every investor who applies at the same price for the same number of debt securities receives equal treatment.

    • 22.05

      An offer for subscription must be supported by a listing document which must comply with the relevant requirements of Chapter 25.