Example of restrictive covenants given in a bonds indenture

Give an example of restrictive covenants that could be given in a bond’s indenture?

E

Expert

Verified

An indenture may have restrictions on:
a) Dividend payments
b) Limitations on future borrowings
c) Requirements that working capital will be maintained at some minimum level.

   Related Questions in Financial Management

©TutorsGlobe All rights reserved 2022-2023.