What is the role of restrictive covenants in a bond indenture? What are some common covenants?

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Financial Markets Banking And Monetary Policy

ISBN: 9781118872239

1st Edition

Authors: Thomas D. Simpson

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Question Posted: Feb 02, 2024 09:48 AM

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What is the role of restrictive covenants in a bond indenture? What are some common covenants?

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A bond indenture is a legal contract between the issuer such as a corporation or government and the bondholder stating the obligations of the issuer a...View the full answer

Financial Markets Banking And Monetary Policy

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