This short module examines the role of covenants in loan agreements and bond documentation, and familiarizes you with the most common financial covenants you might encounter. The module explains how covenants restrict borrowers’ behavior and freedom to maneuver, and what borrowers have sometimes done to facilitate transactions that are potentially prohibited by covenants.
target audience:DX1 Structuring staff, risk managers, financial control and audit
prerequisite required:
– None
prerequisite recommended:
– Interest Rate Forwards & Swaps
Please click below pictures to explore the chapters:
