Series 7: 12.1.4. Bond Offerings: The Trust Indenture Act Of 1939

Taken from our Series 7 Online Guide

12.1.4. Bond Offerings: The Trust Indenture Act of 1939

Bond offerings have an additional registration requirement. The Trust Indenture Act of 1939 states that all companies that issue more than $50 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

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