What party acts on behalf of bondholders to ensure that the issuing facility is not only complying with the covenants of the bond but is also making timely principal and interest payments to the bondholders?

Finance Dec 18, 2020

Expert Solution

Trustee is the party who acts on behalf of the bond holders.

Trustee is a representative for bond holders who makes certain that the healthcare facility is formulating appropriate interest charges and payment of principle to bondholders and fulfill official agreements of the bonds.

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