Medium bond meaning

In this issue: Air emissions and climate change Energy efficiency and buildings Energy for environmental lawyers Environmental assessment Environmental disputes and proceedings Environmental information Environmental permits and consents ESG and sustainability Hazardous substances and chemicals Nature, biodiversity and habitat conservation Waste Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change Commission launches clean mobility and innovation initiatives at EU automotive dialogue The European Commission has unveiled a package of measures to bolster innovation, competitiveness and the shift to cleaner mobility across the automotive sector. The announcements followed the third Strategic Dialogue on the Future of the European Automotive Industry in Brussels on 12 September 2025, chaired by President Ursula von der Leyen. Confirmed next steps include the inaugural meeting of the newly established European Connected and Autonomous Vehicles Alliance (ECAVA) in late October 2025, together with forthcoming proposals on CO2...

In this issue: Sustainable finance and ESG round-up Sustainable finance Debt capital markets Regulation for derivatives lawyers Regulation for banking lawyers Daily and weekly news alerts New and updated content Useful information Sustainable finance and ESG round-up For a summary of this week’s Sustainable finance and ESG news, see: Sustainable finance and ESG weekly round–up—22 August 2024. Sustainable finance UNEP FI releases recommendations for G20 Sustainable Finance Working Group In July 2024, the United Nations Environment Programme Finance Initiative (UNEP FI) provided three input papers to the G20 Sustainable Finance Working Group, urging progress towards a nature-positive economy and a just transition. The main proposals are to: increase transparency in corporate and financial sector nature-related disclosures by addressing financial risks and dependencies linked to biodiversity assist small and medium enterprises (SMEs) by adopting standards that are simplified and flexible enough to reflect SMEs’ capabilities embed nature objectives within...

Practice Note This Practice Note is intended to offer information and hands-on guidance on English law subscription agreements for solicitors advising debut issuers of debt securities. It concentrates on debut issuers because, once an issuer has come to market, documentation for later offerings typically tracks very closely the papers used for that initial transaction; accordingly, the first deal’s documentation phase is the moment when an issuer and its advisers can review the terms in depth and—subject to prevailing debt capital markets norms—shape the form of the documents. The Note proceeds on the basis that debut issuers are unlikely to be large corporates, financial institutions, multilateral bodies (such as the World Bank) or sovereigns that customarily tap the international investment‑grade public debt markets, but rather entities active in particular segments of the market when conditions are favourable or when other funding sources (for example, bank loans) are unavailable, including: emerging market corporates and financial institutions universities housing associations charities small and medium-sized enterprises...

Loan market and developments Provide a concise outline of the present condition of the loan markets in your jurisdiction and any notable recent shifts. Bank lending facilities remain the principal source of finance for small and medium-sized enterprises (Petites et Moyennes Entreprises) and mid-cap businesses (Entreprises de Tailles Intermédiaires). That said, these companies increasingly seek to broaden their funding mix to avoid overreliance on bank borrowing and to secure instruments with longer maturities. Corporates are turning more frequently to bond issuance, in particular via unirate loan structures, which deliver a single tranche blending senior and mezzanine debt under one credit line taken up by a private fund. The chief obstacle to widening funding channels lies in the French banking monopoly restrictions described below. This ongoing shift aims to balance liquidity needs, reduce concentration risk with lenders, and align funding horizons with strategic plans, yet remains shaped by domestic regulatory boundaries too. Provide a concise summary of impending legal changes or other issues that could influence the loan markets or...

Debt Capital Markets Glossary—A Accelerate Acceleration of a note means declaring it immediately due and payable before its scheduled maturity when an event of default arises, and this requires notice to be given. Agreement among managers A contract between the managers that sets out the nature and terms of their relationship, generally based on the International Capital Market Association (ICMA) standard form. Allotment The portion of notes offered by the lead manager to the syndicate. Allotment telex Where no co-managers are invited to the syndicate, the lead manager handling documentation sends the other lead managers an allotment telex confirming the allocation of the notes, subject to completion of the issue. Debt Capital Markets Glossary—B Basis point One hundredth of a per cent (0.01%); i.e. a rate of a stated benchmark plus 75 bps equals that benchmark rate plus 0.75%. Bearer form The key characteristics of bearer securities are that: a bearer security is a...