Bond & Debt
By: Euromoney Financial Training
Sep 15 - 17 Sep, 2014
The aim of this course is to examine the most important legal issues which arise in the documentation of international offerings of Eurobonds. The course looks at contentious clauses in the documentation of debt issues, with particular reference to problems which may arise in areas such as material adverse change and default.
The course focuses primarily on English law, which is most widely used for international offerings, but also touches on the differences with other legal systems and markets. The course systematically tracks the progress of an international offering, highlighting the problems that can arise during the initial distribution period and between the launch of an issue and maturity.
By the end of the course, you will be thoroughly familiar with the most important legal aspects of international bond issues and equipped to recognise and tackle the problems that arise.
How this course will help you
You will learn:
- The fundamentals of international capital markets and the nature of the main products
- How a Eurobond issue works and what documentation is required
- The essential points about sales restrictions including a checklist for the US
- How to structure the subscription agreement to deal with underwriting risk
- The role and requirements of a trustee
- The structuring of high yield debt issues
- The particular legal considerations which must be addressed for medium term note and euro-commercial paper programmes
Who should attend:
- Lawyers in financial institutions
- Bankers concerned with international bond and debt offerings and particularly with documentation issues
- Lawyers working for issuers of international bond and debt, including corporations, governments and supra-national agencies
- Lawyers in private practice with clients involved in international offerings
Facilitators: The course instructor is a solicitor with over 15 years’ experience in structured finance and capital markets in London and Paris. She has worked at Norton Rose, Cadwalder and Gide Loyrette Nouel, and has advised on numerous European bond, MTN and commercial paper offerings. She is currently a senior member of the debtXplained team which provides market focused reviews and information on high yield transactions, led by Stephen Mostyn-Williams. In addition to legal practice she has worked in strategy consulting with LEK Consulting LLP and has carried out research at Oxford University and New York University School of Law. Claire has also completed the corporate finance program at London Business School.
Venue: Hotel in Central London, London, United Kingdom