Debentures can be issued at...........

All of these

The correct answer is option 4- All of these.

Debentures can be issued at par, at a premium or at a discount. They can also be issued for consideration other than cash or as a collateral security.

Debentures are said to be issued at par when the amount to be collected on them is equal to their nominal or face value. If the issue price is more than nominal or face value, it is said to be issued at a premium. If the issue price is less than the nominal or face value, it is said to be issued on discount. The amount received as premium is credited to ‘securities premium account’ whereas amount of discount allowed is debited to “loss/discount on issue” and is written-off over the years