How do sinking funds reduce default risk

Reference no: EM131317613

1. How do sinking funds reduce default risk?

2. What is a trustee? Why do bondholders insist that a trustee be included in all public bond offerings? Why are these less necessary in private debt placements?

3. What impact has adoption of Rule 144A had on debt-issuance patterns in the United States?

Reference no: EM131317613

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