Subjects:

Banking and Finance

Contents:

Part 1 International loans

1. Introduction to term loans and syndicated credits

2. Types of credit facility

3. Financial terms of syndicated credit agreements

4. Representations and warranties

5. Covenants

6. Events of default

7. Agency, syndicate democracy, transfers and other clauses

8. Outlines of credit agreement documents

9. Loan transfers and participations

Part 2 International bond issues

10. Bond issues: general principles

11. Negotiability of bonds and clearing systems

12. Terms of bonds

13. Convertible and other equity-linked bonds

14. High yield notes

15. Other special types of bond issue

16. Bondholder trustees and meetings

17. Syndicate agents and bondholder trustees as fiduciaries

Part 3 Guarantees

18. Introduction to guarantees

19. Terms of guarantees

20. Independent guarantors: bank and export credit guarantees

21. Stand by letters of credit

22. Other forms of guarantee

23. Comfort letters

24. Outlines of guarantees

Part 4 Legal opinions

25. Introduction to legal opinions

26. Terms of legal opinions

27. Outlines of legal opinions

Volume 3 in the Law & Practice of International Finance Series

This title covers the essentials of international lending, bonds issues and guarantees from a practical perspective, providing clear guidance on how legal principles are applied in financial deals, including detailed commentary on the main documents required to carry out key transactions.

Contains comprehensive coverage of:

• Syndicated bank credit agreements and loan transfers
• International bond issues including equity-linked bonds, note programmes and high yield notes
• Bondholder trustees and collective action clauses
• Bank guarantees, standby letters of credit and comfort letters
• Formal transaction legal opinions
• Features extensive precedents in the appendices