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Bond Trustee

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Hello
I want to ask more about the role of Bond Trustee here.
When the company issue bond, will all the money goes directly to company bank account or Bond Trustee account? I think that it should be the second one, where all the money from issuing bond goes directly to Bond Trustee separate account. Then any time the firm want to use the money from bond issuance for financing project it must be approved by bond trustee (which mean bond trustee will check if the money is used as inpurpose of bond issue).

Anyone is professional on this fixed-income field?
Hope you can help me
Thank you
 
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