Sentences with phrase «action on their corporate bonds»
With preferreds, if a company has a cash problem, the board of directors can decide to withhold preferred dividends; the trust indenture prevents companies from taking the same action on their corporate bonds.
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Advising the Bank of England on the structure and terms of the term funding and corporate bond schemes put in place as part of the Bank's actions in the immediate aftermath of the EU referendum on 23 June 2016.