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Posts: 210
A month ago
In terms of public offerings of bonds, what is an indenture?

▸ a memorandum that must be produced to describe the details of a bond offering

▸ a formal contract that specifies the firm's obligations to the bondholders

▸ a list of the duties of the trust company representing the bondholders' interests

▸ a schedule of the fees charged by the underwriting company
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
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wrote...
Posts: 241
A month ago
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a formal contract that specifies the firm's obligations to the bondholders
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