The following Banking & Finance news provides comprehensive and up to date legal information on Sustainable finance and ESG monthly round–up—30 April 2025
Bills of exchange—structure and partiesBills of exchange are negotiable instruments that represent an unconditional promise by one party to pay...
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
Role of a bond trusteeThis Practice Note explains the role of a bond trustee appointed under an English law trust deed.Not all bond issues involve a trustee. It is up to the issuer to decide whether to appoint a trustee or a fiscal agent—see Practice Note: Parties in an issue of debt
Investment-grade, high yield and crossover bondsSTOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit. From 1 January
Debt securities—what is the role of the underwriters/managers?What is underwriting and why are securities issuances typically underwritten?The term ‘underwriting’ refers to a commitment to subscribe for or purchase securities that are not able to be sold to investors or to be paid for by investors
Convertible and exchangeable securitiesWhat are convertible and exchangeable securities?Convertible and exchangeable securities are types of equity-linked debt securities. They confer a right on the investor to convert its debt into equity (ie shares) of the issuer or to exchange its debt for equity
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