Question: Basda Metromart Ltd ('Basda'J has become the third biggest player in the Australian supermarket industry by setting up 800 stores in the past ve years.

Basda Metromart Ltd ('Basda'J has become the third biggest player in the Australian supermarket industry by setting up 800 stores in the past ve years. The company plans further expansion funded through a secured debenture issue. The total fundraising will amount to $200m. Required: Explain the legal requirements for a debenture issue offered to the investing public generally

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