Issuers are able to manage outstanding market bonds by buying on the open market, unless the supply documents otherwise provide for it. In addition, if a call option is included in a bond credit agreement, the issuer may pursue the above measure. In such cases, certain advertising provisions may be applied. The insurance contract includes, in addition to insurance costs, liability charges and, in particular, liability limitations as well as compensation issues for insurers. Any limitation of liability or person responsible for the information contained in the prospectus is valid only between participants and is not valid for investors. Parties to these agreements include the issuer, the surety (if any), the representative of the bondholders and the paying body. Holders of original bonds acquire the bonds by registration on the accounts of bondholders (CSDs). There are no regulatory requirements for restrictions on transfers of private bonds or regulatory guarantees. The authorization to transfer obligations and its terms is a private agreement between the parties.
The main documents governing the terms of the bonds are the bond credit program, the bond creditor representation agreement, the paying agency`s creation agreement, the bond underwriting agreement and, if applicable, the hedging agreement. It is customary to agree between the issuer, its advisors and insurers certain thresholds of importance for the disclosure of information. B for example with respect to important issuer agreements or major disputes. Finally, we have included a model for the executive agreement. This agreement is signed between the founders and the company and describes the terms of the founders` commitment and defines their obligations to the company, such as .B full-time commitment and the non-compete clause. Preparation of issuer (e.B. financial and legal diligence, compliance with list and corporate governance obligations, etc.) ATHEX rules allow companies to issue bonds under Greek or foreign law. Therefore, the same requirements also apply to foreign issuers.
However, if the issuer is not a Greek SA, the Greek law on obligations, including its provisions and the tax benefits offered, is not applicable. The above regime (i.e. the single passport rule) establishes a harmonized strategy for prospectus requirements within the EEA. Therefore, a prospectus already approved in an EEA jurisdiction is valid in each EEA country and, therefore, only certain measures are needed, such as. B translation of the prospectus. What are the rules for offering these special debt securities? Are there accounting implications that the issuer should be aware of? In the case of a private placement, the issuance of a prospectus is not necessary.