You can access the December 2020 edition of the Euro PP Observatory from CMS Francis Lefebvre Avocats via the link below.
Our Observatory includes both listed Euro PPs (part 1) and unlisted Euro PPs subject to a public announcement (part 2), to give you a clearer picture of the market.
You will find Euro PPs completed since market launch, analysed according to the following criteria:
- issuer
- issue date
- amount/coupon/maturity
- listing market
- scope of the negative pledge clause
- existence of a change of control clause
- commitment linked to financial ratios
- existence of other specific commitments (information obligations, limit on secured borrowings, limit on external growth operations, limit on dividend distributions, existence of security interests, interest rate step-up, etc.)
- existence of a make-whole call provision
- existence of a fall-away clause and scope of the fall-away.
