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Clifford Chance





Tagged: 'High yield'

Results 1-10 of 51

New ICMA sovereign collective action and pari passu clauses

6 October 2014

Publication

ICMA's new model aggregated collective action clauses and pari passu clause for sovereign issuers offer flexibility to sovereigns wishing to restructure their debts while at the same time providing robust protection to noteholders through the procedures and...

ICMA consults further on sovereign bonds

25 July 2014

Publication

The International Capital Market Association has followed up its consultation paper of December 2013 about collective action and pari passu clauses in sovereign bonds with supplementary questions about how collective action clauses should be structured in order...

ICMA consults on sovereign bonds

6 February 2014

Publication

The International Capital Market Association (ICMA) is consulting on the appropriate form of collective action clauses and pari passu provisions for sovereign bonds. Both proposals raise important issues, particularly in the context of sovereign debt restructuring....

Margin Bonds: Maximizing the Minority

6 February 2014

Publication

Private equity firms are increasingly tapping into the global high yield market to finance their investments and investors have now been able to access high yield "margin bond" financing to acquire minority interests and fund joint venture investments....