Andy Thomson
We discuss the role of subordinated debt with Brookfield Asset Management's infrastructure debt co-head Ian Simes.
ESG and sustainability are now being worked into deal documentation, but it may take a while before the asset class is seen to be truly making a difference.
European Leveraged Finance Association research shows investors almost evenly divided on whether structure and targets for sustainability-linked bonds are ‘robust and credible’.
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
As in the last major crisis, non-bank lenders will be expected to displace the banks as a source of finance.
Infrastructure debt has become an intensely competitive area of the alternative credit market with banks and insurance companies crowding into the space.
Greater communication is needed as the asset class’s role in the stability of the financial system is questioned.
The spotlight is intensifying as private debt’s role in the stability of the financial system is questioned – and misunderstandings needs to be addressed.
In the latest draft amendments to its valuation guidelines, the organisation for the first time looks at debt investments in their own right and not just as part of private equity deals.
At Private Debt Investor’s recent New York forum, participants argued it’s pointless guessing when the benign credit cycle will end. But as senior editor Andy Thomson points out, it’s imperative to be prepared.