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Issued at Par and Redeemed at Par

Write one wor...

Question

Write one word/term/phrase which can substitute each of the following

The issue of debentures more than face value of debentures.

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Solution

Issue of debentures at premium

Explanation: When debentures are issued at a price more than their face value, it is known as ‘issue of debentures at premium’. For example, when a debenture of face value Rs 10 is issued at Rs 12, it is issued at a premium of Rs 2. The premium is credited to Securities Premium Account.

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