Our Services
CSC acts as indenture trustee, note trustee, or bond trustee for debt securities issued in the global capital markets.
Our role is defined by the applicable indenture, trust deed, or other governing documentation and may include:
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Holding the benefit of issuer covenants on behalf of noteholders
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Monitoring the issuer’s delivery of required certificates and notices
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Coordinating communications between the issuer and investors
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Supporting amendments, waivers, consents, and noteholder meetings
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Administering actions following an event of default
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Working with issuers, legal advisers, arrangers, depositaries, and other transaction parties
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Supporting redemption, refinancing, restructuring, or maturity processes
We support a broad range of debt instruments, from straightforward corporate bond issuances to secured, cross-border, and highly structured transactions.
Trustee appointments may need to change during the life of a transaction because of resignation, bankruptcy, consolidation, conflicts, service limitations, restructuring, or other circumstances.
CSC can be appointed as successor trustee for performing, stressed, or defaulted debt transactions. Our teams work closely with the outgoing trustee, issuer, noteholders, and legal advisers to support an orderly transition.
Our successor trustee capabilities include:
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Reviewing the governing documentation and transaction history
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Coordinating the transfer of records, notices, and transaction information
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Completing onboarding and required due diligence
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Establishing communication with the issuer and other transaction parties
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Supporting ongoing administration following the appointment
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Acting in connection with amendments, defaults, enforcement, or restructuring processes where required
We understand that successor appointments can be time-sensitive. Our specialists provide practical, responsive support to help maintain continuity and minimise disruption.
For secured bond issuances and other debt transactions, CSC can act as collateral agent, security agent, or security trustee, depending on the structure and jurisdiction.
In accordance with the transaction documents, our role may include:
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Holding security interests for the benefit of secured parties
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Maintaining collateral and security records
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Coordinating the execution and release of security documents
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Processing permitted releases, substitutions, and amendments
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Supporting intercreditor arrangements
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Communicating with issuers, secured creditors, legal advisers, and other stakeholders
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Acting on instructions following an event of default
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Supporting enforcement or restructuring processes where required
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DIP and exit facility agency
Our independence helps provide continuity where multiple creditor groups, financing arrangements, or jurisdictions are involved.
Why leading institutions choose CSC
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Independent by Design
CSC is an independent, non-lending provider. We are focused on performing our appointed trustee and agency responsibilities without competing lending, underwriting, or investment interests. -
Experienced Specialists
Our professionals regularly support bond issuances, secured financings, restructurings, and other complex capital markets transactions. Clients have direct access to experienced team members who understand the documentation and the practical demands of transaction execution. -
Global Reach
With teams across major financial centres in the Americas, Europe, the Middle East, and Asia-Pacific, CSC can support domestic and cross-border transactions across jurisdictions and time zones. -
Continuity for Long-Term Appointments
Bond trustee appointments can remain in place for many years. As a privately owned company with a long-term approach, CSC provides the stability and continuity required throughout the life of a transaction. -
Support When Transactions Change
Transactions do not always proceed as originally anticipated. Our capabilities extend beyond routine administration to amendments, refinancings, successor appointments, restructurings, and distressed situations. -
An Independent Partner for Your Next Issuance
Whether you are preparing a new debt issuance, replacing an existing trustee, or appointing an independent security agent, CSC provides the experience, responsiveness, and global capabilities to support your transaction.
Support Across the Transaction Lifecycle
Before Closing
We work with issuers, arrangers, legal advisers, and other transaction parties to review the proposed appointment, understand the transaction structure, and agree the operational requirements.
At Closing
Our teams coordinate appointment documentation, onboarding, account and security arrangements, and other closing requirements so that our responsibilities are clearly established from the outset.
During the Life of the Transaction
We administer our appointed role in accordance with the governing documents, manage notices and requests, and support amendments, consents, redemptions, and other transaction events.
During Stress or Restructuring
Where a transaction becomes stressed or an event of default occurs, we work with noteholders, issuers, advisers, and other stakeholders in accordance with the transaction documents and valid instructions.
Contact our team to discuss your bond trustee requirements.