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A bond certificate provides the holder with basic information relative to the bond such as the bonds issuer, the face amount of the bond, its maturity and its interest rate. However, it is the bond indenture (the master loan agreement) underlying the bond, which is the actual legal document that contains all of the information for the issue. Generally, the bond indenture contains information such as:
The issuer is required to meet all the terms and conditions of the indenture. Consequently, either you, as an investor or your stockbroker/investment adviser should be familiar with all of the material terms of the indenture. A failure to meet any of the terms of the indenture can result in the issuer being in default. If the default is not cured, legal proceeding may ensue, which is never beneficial for the investor.
Please keep in mind that the above information is being provided for informational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon as legal or investment advice. If you have any questions concerning the contents of this post, you should contact a qualified professional.Contact Us
With extensive courtroom, arbitration and mediation experience and an in-depth understanding of elder abuse, exploitation and securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.