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Bond Covenant
(redirected from Debt Covenants)

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Bond covenant
A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Bond Covenant
An agreement between the issuer and holder of a bond, requiring or forbidding certain actions of the issuer. Positive covenants require actions while negative covenants forbid them. The exact terms of a bond covenant must be written in the bond indenture.


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Management wishes to caution the reader that these forward-looking statements, such as the Company's outlook for portrait studios, net income, future cash requirements, cost savings, compliance with debt covenants, valuation allowances, reserves for charges and impairments and capital expenditures, are only predictions or expectations; actual events or results may differ materially as a result of risks facing the Company.
The approval is in line with the credit conditions such as related to collateral and binding debt covenants terms needed with the Astra International already owns 53% of Astra Sedaya and the acquisition of the 47% stake will make it the sole shareholder of the firm offering credits for the purchases of cars and motorcycles produced by the Astra Group.
Moody's explains that the most important debt covenants are capital adequacy ratio (CAR) covenants, which, on average, exist in 20% of banks' market funding and 12% of their total funding.
 
 
 
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