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BOND TRUSTEE AND PAYING AGENT SERVICES

Bond Trustee

Corporations, hospitals and municipalities request the assistance of our experienced professionals for the smooth and integrated handling of debt obligations. Our services include:

  • Monitoring issuer compliance with bond covenants regarding insurance, audits, budgets and operating statements
  • Disbursement of bond proceeds during construction periods
  • Investment of bond proceeds as directed by the issuer
  • Collection of periodic debt service payments

Successor Trustee

We provide successor trustee services for existing bond issues, both pre and post default. The reasons for replacing a current trustee vary widely but as successor trustee, we strive to work with the bondholders and Issuers to find the best solutions for each situation, while working diligently to minimize expenses.

Paying Agent and Registrar

When there is no bond trustee for an issue, such as for a school district, we can act as paying agent and registrar with carefully defined duties, including:

  • Making timely periodic payments of principal and interest to bondholders
  • Maintaining accurate ownership records
  • Filing all necessary forms with the tax authorities
  • Registering bonds when they are issued
  • Transferring bonds to new owners

MORE INFORMATION

To speak with our Institutional Wealth Management group, please complete this form and we will contact you at your convenience.

© 2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.