Paying Agent
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.
Proceeds of the Bonds minus amounts used to fund a Reasonably Required Reserve or Replacement Fund.
Learn about over various terms and concepts that may arise while preparing a bond issue.
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.