What does a debenture trustee do?

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A debenture trustee enters into an agreement with the issuer company and thereby takes on the important responsibility of safeguarding the interest of the debenture holders.

A debenture trustee keeps a track of issuer company actions to ensure that all the conditions mentioned in the offer are adhered to and debenture holder obligations are met. In case of default by the issuer company, the debenture trustee moves to property that is mortgaged in favour of debenture trustee for benefit of the debenture holders and paying their dues.

Topic: Debenture Trustee Defenition

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