How to prepare bond documents for a Eurozone break-up

Author: Gemma Varriale | Published: 22 Nov 2012

Lawyers in London have called for banks and law firms to consider recognising redenomination as a risk factor in deal documentation.

The question of whether to include redenomination risk is still politically sensitive.

Previously, issuers have shied away from the move because of an unwillingness to mention it explicitly in deal documentation. But investors’ reluctance to recognise it as a risk factor in documentation has calmed in...