What does NCD shelf prospectus mean?

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A shelf prospectus is a type of offering document filed by a company for multiple issues of debt securities.

With the help of the shelf prospectus, the company can issue debt securities without having to prepare the entire prospectus each time. The issuing company only needs to file the tranche prospectus, which contains the details specific to the issue. This saves the company the time and cost of all the paperwork it has to do each time.

Topic: NCD Offer Document Feedback

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