What are restrictive covenants? Why do investors introduce restrictive covenants into bond contracts?

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Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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What are restrictive covenants? Why do investors introduce restrictive covenants into bond contracts?

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Restrictive covenants are clauses or provisions included in bond contracts or loan agreements that impose certain limitations or restrictions on the borrowers actions These restrictions are designed t...View the full answer

Money Banking And The Financial System International Edition

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