Tue 11/29/2022 04:00 AM
In the last few years, borrowers have held the negotiating power and documentary flexibilities have proliferated in European high-yield bonds. This year, the tables have begun to turn, and investors are insisting on and achieving more balanced documentation.
EMEA Covenants by Reorg has been tracking changes made during roadshows through its Market Maker
database for many years. To keep
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