Katerina Papamichael
Katerina is the Director of S&P Global Fixed Income Services, a leading global financial communications and stakeholder management firm.
With over 20 years’ experience in the debt capital markets working with global financial institutions, corporates and sovereign issuers, Katerina has extensive expertise executing Liability Management and Debt Restructuring transactions and in researching ownership in capital structures. She works closely with bond issuers and central securities depositaries in Europe and globally, offering a full range of services to debt issuers and their advisers, with a focus on bondholder identification, investor communication and transaction mechanics and execution. She has advised bond issuers and executed hundreds of debt transactions (debt restructuring, tender offers, exchanges and consent solicitations), including the restructurings of the Republic of Argentina and Republic of Greece, a number of restructurings by Chinese real estate developers in the recent years as well as numerous complex corporate and sovereign Liability Management and Debt Restructuring transactions in Europe and the APAC region.
Katerina holds Master’s degree in Economics from the University of Economics Prague. She helped establish the European section of the international women’s insolvency network, IWIRC Europe (International Women’s Insolvency & Restructuring Confederation) and served as a Co-Chair and a board member.
Practice Area
Panel
- Contributing Author
Education
- University of Economics, Prague
1 Contributions by Katerina Papamichael
PRACTICE NOTES
Practical guide to identifying and engaging bondholders in restructurings and liability management: clearing systems, holding chains, disclosure strategies and the identification agent’s role
This Practice Note outlines guidance on identifying and engaging with bondholders in the context of a restructuring. For broader background on debt securities, see the following Practice Notes:
Key features of the debt capital markets
Bonds and notes
Issuing debt securities—key documentation
Parties in an issue of debt securities
For materials focused on restructuring where debt securities are involved, refer to these Practice Notes:
Guide to representing bondholders in a restructuring
Liability management of bonds
Enforcement of debt securities
Why keep in touch with bondholders?
Traditionally, issuers of bonds have not maintained regular dialogue with their bondholders, with communications largely confined to moments when action was required from debt holders, most often linked to a corporate action. Such contact commonly took the form of a notice released or circulated by the issuer, frequently via a bond trustee. The trustee is a financial institution vested with trust powers—for example, a commercial bank or trust company—appointed by the bond issuer to protect bondholders’ interests and to uphold the terms of a bond indenture...
Restructuring & Insolvency
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