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In this video, Wilby explains debentures, focusing on their meaning, features, types, and methods of issuance. Debentures serve as a way for companies to raise long-term debt capital without diluting ownership. They are long-term, fixed interest-bearing securities representing a loan from investors, with a promise to repay the borrowed amount at a future date. The document details the terms and conditions, including the interest rate, repayment schedule, and any securities offered. The video aims to provide a comprehensive understanding of what debentures are and how they function in corporate finance.