Continental high yield L-R: Cedric Van Den Borren of Shearman & Sterling, Christoph Gleske of Freshfields Bruckhaus Deringer, Daniel Kress of Hengeler Mueller, Simon Porter of Baker & McKenzie Continental's debt issue was the first secured high-yield bond to be sold under the new German Bond Act. Because of this, the €750 million senior secured notes contained some innovative features, including the first trustee-like service. It also still had to be structured around gaps in the legislation.
March 30 2011