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Covenants

EM high-yield bond covenants trends and workshop

Event registration is now closed. Click above to register to watch on-demand.
Event registration is now closed. Click above to register to watch on-demand.
  • Agenda keyboard_arrow_down
    17:00
    HKT

    Covenants

    EM high-yield bond covenants trends and workshop

    • Overview of a typical EM HY-bond package and how it compares to structures from other regions 
    • Why EM covenants have reached their all-time weakest level
    • How issuers are gaining flexibility to incur debt and pushing bondholders down the capital structure
    • The growing risk of shareholders extracting value at the expense of bondholders 
  • Speakers keyboard_arrow_down
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    Jake Avayou Vice President, Senior Covenant Officer Moody's Investors Service Bio

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