Debt Capital Markets · glossary
The bank that handles payments and paperwork for Valkenrade: the London branch of Hollinde Bank. Condition 11.1 makes it Valkenrade’s agent alone, with no duty to holders. So it need not watch for a breach or act for them, and each holder looks after itself. Condition 11.1 · Chapter 6
Explained in Chapter 6, Fiscal Agent or Trustee, and Noteholder Meetings, of Debt Capital Markets.
Also explained in Restructuring Plans.
The Fiscal Agent is the London branch of Hollinde Bank. The Conditions also call it a Paying Agent: the bank through which each payment reaches holders. Valkenrade may later issue more Notes on the same terms, without a vote, and they form one series with the first issue (Condition 13). The agent handles the money and paperwork, and its main tasks are these…Read Chapter 6, Fiscal Agent or Trustee, and Noteholder Meetings →
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