Economics Bonds Questions
The role of bond trustees in the bond market is to represent the interests of bondholders and ensure that the terms and conditions of the bond agreement are being followed. They act as intermediaries between the issuer of the bond (the borrower) and the bondholders (the lenders). Bond trustees monitor the issuer's compliance with the bond agreement, collect interest and principal payments from the issuer, and distribute these payments to the bondholders. They also handle any issues or disputes that may arise between the issuer and the bondholders. Overall, bond trustees play a crucial role in protecting the rights and interests of bondholders in the bond market.