11
New Financial Instruments
Chapter Objectives
This chapter will enable you to develop an understanding of the following:
Meaning of new financial instrument
New financial instruments such as floating rate bonds, zero interest bonds, deep discount bonds, revolving underwriting finance facility, auction rated debentures, secured premium notes with detachable warrants, non-convertible debentures with detachable equity warrants, secured zero interest partly convertible debentures with detachable and separately tradable warrants, fully convertible debentures with interest (optional), differential shares, securitised paper, collateralised debt obligations, and inverse float bonds, perpetual bonds, and municipal bonds.
INTRODUCTION
The Indian ...
