Service Details
Debenture Trustee (Unlisted)
A Debenture Trustee is defined as a trustee under a written trustee appointment agreement /deed for the purpose of securing any issue of debentures by a body corporate (the Issuer). Debenture trusteeship involves taking possession of the assets/property being offered as security for securing the debentures issued by the body corporate.
Debenture Trusteeship essentially covers acting as trustees for debt instruments issued by a body corporate. Such debt instruments broadly fall into two categories namely Debentures & Bonds
Scope of Service
- Vetting of Debenture Trust Deed (DTD), Debenture Trustee Agreement (DTA) and/or charge creation security documents
- Monitor creation & perfection of security within stipulated time and hold it for debenture holders
- Monitoring of security cover ratio/other covenants as required under the terms of the transaction
- Issuance of NOC's/Pari Passu letters
- Assistance in enforcement of security in case of default
