Series 24: Bond Offerings

Taken from our Series 24 Online Guide

Bond Offerings

The Trust Indenture Act of 1939 states that all companies that issue more than $5 million of corporate bonds must sell these bonds under a trust indenture. A trust indenture is a contract that spells out the covenants (commitments) to be honored by the issuer and allows a trustee to take action on behalf of the bondholders

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