Base prospectus: Difference between revisions
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* [[Listing]] | * [[Listing]] | ||
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* [[Offering memorandum]] | * [[Offering memorandum]] |
Revision as of 08:08, 1 June 2023
Securities - issuance - documentation.
In the context of securities issuance, a “Base Prospectus” contains a menu of terms and conditions which will apply to an issue of securities in a rolling programme.
When an issue is made from the programme, specific terms and conditions are selected for each issue by completing a shorter document known as “Final Terms”.
The base prospectus (sometimes referred to as an offering circular or information memorandum) is updated annually to comply with the requirements of the relevant listing authority/stock exchange.