Truva Trustees appointed as note and security trustee for listed ICMA-compliant green bond offering of USD 14.8 million and GBP 28.1 million Sustainable Capital (recognised on the NASDAQ Sustainable Bond Network) has issued USD and EUR ICMA-compliant green bonds to finance Energy Storage’s development and construction of thermal clean generation and green power plants for
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Here you’ll find useful information and insight on some of the issues and concepts you’ll come across when raising finance. Plus all the latest news from Truva.
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Convertible Bonds Convertible bonds give the holder an option to convert his bonds into the shares of an issuer (the Issuer), or in some cases its parent, at a preset conversion price during a preset conversion period. Generally issuers are companies as the most commonly used conversion right is that into shares of a company.
What is an LEI? LEI stands for Legal Entity Identifier. It’s a unique code linked to a public register that contains regularly verified information about each firm participating in any financial transaction, worldwide. What is the benefit of an LEI? Transparency and an enhanced ability to calculate risk. The public LEI data constitutes a trusted
What is an SPV? Special Purpose Vehicles are companies that are newly-created to be the central participant in any financing or securitisation transaction. SPVs play a critical role in global financial markets, creating vital opportunities for both borrowers and investors that would not be possible without them. What do SPVs do? SPVs buy assets from
“Truva is much more than a source of expertise ; they’ve become a trusted partner. They have an entrepreneurial approach to resolving challenges. They understand what we’re facing and constantly weighed-up options so we remained on the best path.” Craig Higgins, Director, Propifi Propifi is a bridging venture established by four of the industry’s most experienced and successful
The basic components and parties to a bond programme Here is a simple diagram we’ve put together showing all the basic components and parties to a bond programme. Take a look at our case study on the bond programme we put together for Propifi Bonds plc. Please give us a call on +44 (0) 20
Guide to intercreditor agreements Here’s a quick guide to intercreditor agreements that will help you understand what they are and why they are important. What is an intercreditor agreement? An intercreditor agreement is an agreement which regulates the respective rights and ranking, including the priority of repayment, of all lenders, senior and subordinated in a
As businesses turn to a variety of sources to see them through the current economic disruption, companies such as ArcelorMittal are turning to convertible bonds to bolster their balance sheet. The steel giant recently announced that it would be raising $2bn through the issuance of shares and convertible bonds. Take a look at the simple
What is an offering circular? An offering circular is a type of prospectus that is provided for new security listings. It is given to potential investors, individuals and brokerage houses, who could be interested in buying the newly issued securities. The offering circular document forms the basis of an investor’s investment decision. It also constitutes