Agent
For large businesses, issuing corporate bonds may be an attractive source of financing.
A corporate bond is an umbrella term for securities where each debt security reflects a loan from the bondholder to the business.
In connection with the issue of corporate bonds, the issuer may choose to appoint a representative (agent). The agent may also be appointed by bondholders at a later date in accordance with the bond terms and conditions or a related contract. The framework for the agent’s duties is laid down in each specific case, but a basic element is that creditor interests are pooled and their rights exercised jointly so that each individual bondholder need not undertake this (administratively) cumbersome task.
We can act as an agent for bondholders, enforcing bondholders’ claims against the issuer, instituting legal proceedings, representing bondholders in any bankruptcy proceedings, etc.
