World’s Bond Issuers Study Greek History for Brexit Advice
- Greek borrowers amended clauses during turmoil over bailout
- Sisal, Transocean added U.K. disclosures to recent bond sales
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Corporate borrowers from around the world could turn to Greece for guidance after the U.K.’s vote to leave the European Union.
Bonds sold by some Greek companies provide a blueprint for how to protect investors from country-specific exposure, according to Christine Tadros, head of European research at Xtract Research LLC. Yogurt maker Fage International SA and Frigoglass SAIC, which makes commercial refrigerators, eased bond-buyers’ concern about Greece’s euro-area membership by boosting protections when they sold debt three years ago. Similar tweaks could now help issuers with U.K. operations.