The principles provide guidance to issuers on the process of issuing social bonds, including the types of projects that qualify as social projects and the level of disclosure that should be provided to investors; compliance...more
The model clauses should lead to greater consistency and efficiency in sovereign bond restructurings.
On May 11, the International Capital Market Association (ICMA) published a revised version of its model collective...more
Any subordinated debt, including Eurobonds, issued after 1 March 2013 must comply with the new rules in order to qualify as regulatory capital....more