In the bond indenture, Kia corporation describes the basics of the bond issue, who the trustee is, when the bonds mature, and how the bonds will be paid off.
This is further explained below.
Generally, In finance, a bond is a form of instrument under which the issuer owes the holder debt and must return the principal and interest at maturity. Interest is normally paid periodically.
A debt or purchase obligation may be reflected or covered by a legally binding contract known as an indenture. It is an instrument that is used for commercial debt or real estate transactions, and in its historical context, it alludes to the status of indentured servants. In its current context, it is a particular reference to two distinct sorts of behaviors.
In conclusion, Kia's bond indenture details the bond issuance, the trustee, when the bonds expire, and how they will be repaid.
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