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Anonymous

05 Aug 2021

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General Investing

Duties of Trustee towards Bondholders

Is it Trustee's fiduciary duty to ensure the bond issuer does not borrow beyond its limit?

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Tan Choong Hwee

06 Aug 2021

Investor/Trader at Home

It is the bond issuer's responsibility to make sure that the bond contract borrowing is within whatever limit set on them, meaning this has to be sorted out before the bond contract is set. The trustee's fiduciary duty is to monitor and enforce the obligatory compliance of the bond issuer.

Here is an article on bond trustees:

https://www.bondadviser.com.au/blog/understandi...

Disclaimer: I'm not a legal professional, so the above is just my personal interpretation. Best to consult legal professional.

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