Despite their popularity in Europe and the US, warranty and indemnity policies have failed to gain traction in Asia – even in riskier emerging jurisdictions
The restructure of Suzlon Energy’s foreign currency convertible bonds is the largest in India to date. It also demonstrates that offshore bondholders and onshore lenders can reach a solution together
Asia is not moving in line with European and US covenants Investor protections in Asia high-yield bonds have diverged from the global trend of weakening covenant packages. They're expected to remain investor-friendly compared to those seen elsewhere. Moody's recent Asia-Pacific Covenant Quality report noted that Asia's covenant packages remain stronger than those in Europe and the US – although non-Chinese bonds tend to have stronger scores.
TPG’s acquisition of up to 75% of Union Bank of Colombo is Sri Lanka’s biggest private equity deal. It also signals increasing interest in the south Asian country
