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What is the work of a debenture trustee?

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The most important work of a debenture trustee is to protect the interest of the debenture holders. The debenture trustee assists the issuer company in issuance and distribution of the debentures. The debenture trustee needs to keep a constant check on the issuer company doings to ensure that the conditions laid in the offer are met. In case of any default by the issuer company, the Debenture trustee has the power and authority to sell the secured property and use the proceeds to meet the debenture holder obligations.


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