Debentures, reissue of
Debentures that have been redeemed by a company may be reissued provided the articles of association do not forbid it, and that the company has not contracted to redeem them or shown any intention to cancel them. When reissued they rank pari passu with other debentures. Details of debentures available for reissue must be shown in the balance sheet.
Reference: The Penguin Business Dictionary, 3rd edt.