Debt Capital Markets

Short Reads - Green finance and sustainable finance are trending topics. After green bonds becoming an increasingly common financing instrument, there is a growing demand by borrowers for green loans. For lenders on the other hand, also in view of various recent initiatives of the European Union in respect of sustainability, participation in (syndicated) green loans is expected to become more important within the investment criteria of a financial institution.

Conference - LPEA, Luxembourg Private Equity and Venture Capital Association, organises a conference in Luxembourg, which brings on stage General Partners (GPs) and Limited Partners (LPs) to discuss and showcase the private equity sector from the perspective of local practitioners, together with additional contributions from guest speakers specially invited to the event. Stibbe Luxembourg is a proud sponsor of this event, which some of our lawyers will attend.  

Short Reads - On 1 September 2017, the European Securities and Markets Authority (“ESMA”) released the seventh version of its questions and answers (the “Q&A”) on the Market Abuse Regulation (No. 596/2014) (“MAR”).

Short Reads - On 6 July 2017, the European Securities and Markets Authority (“ESMA”) released the sixth version of its questions and answers (the “Q&A”) on the Market Abuse Regulation (No. 596/2014) (“MAR”).

Conference - AFME and IMN organize their 22nd annual meeting from 5-7 June 2018, which will take place in Barcelona.

Articles - The Act of 21 December 2013 on the financing of SMEs (the “SME Financing Act”) introduced legislation that regulates how SMEs are financed [1]. On 8 January of this year, the law amending the SME Financing Act has entered into force (the “Amending Act”).

Short Reads - On 12 July 2017, the European Securities and Markets Authority (“ESMA”) released an updated version of its questions and answers (the “Q&A”) on alternative performance measures (“APMs”).

Short Reads - On 6 July 2017, the European Securities and Markets Authority (“ESMA”) published three consultation papers setting forth technical advice in respect of prospectus simplification efforts.  The recently-published Prospectus Regulation requires the European Commission (the “EC”) to adopt delegated acts in a number of areas within 18 months after the regulation’s entry into force, and in February 2017 the EC formerly requested ESMA to draft technical advice in connection therewith.