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Requirements in the bond contract such as restrictions on financial ratios, dividend policy, reporting requirements, restrictions on issuing debt at a higher seniority level are
Requirements in the bond contract such as restrictions on financial ratios, dividend policy, reporting requirements, restrictions on issuing debt at a higher seniority level are
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Only needed for high yield bond issuers
Known as representations and warranties
Only needed in bonds issued in public markets
Known as covenants
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