Bond maturity date
Timing of interest payments
Method used to calculate interest
Any actions triggered if bond payments are not made
Any call features under which the issuer can buy back bonds early
Any conversion features, where bond holders can convert the bonds into the equity of the issuer
Any covenants that the issuer must observe during the term of the bonds
In essence, an indenture states all aspects of a bond arrangement, including how the parties interact under all possible scenarios, such as bond calls, bond conversions, covenant breaches, and the nonpayment of interest.