Structured Finance In Brief

Updates and analysis on current issues and topics faced by our structured finance lawyers

The Reed Smith Aviation asset backed securitization team recently authored its first in a new series of articles highlighting the current state of the Aviation ABS market and provide a detailed analysis on trends, recent transactions, and other notable items companies should be on the lookout for.

Read the full article on Legal Flight Deck

The Stressed Asset Resolution announced in India’s 2021-22 Union Budget proposed the establishment of a novel twin structure to clean up bank balance sheets in India. In this dual structure, the primary company, the National Asset Reconstruction Company Limited (“NARCL”), is a public sector asset reconstruction company mandated to acquire and aggregate non-performing assets (“NPAs”)

Current need and opportunities

The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund recently co-invested in a US$97.6 million social bond issuance to support access to electricity in Ivory Coast. African countries, however, need around US$28 billion of investment each year for the next seven years if they are to meet the ‘Access

Time for a spring clean?
Institutions holding non-performing loans (“NPLs”) have been and continue to be, under increasing pressure to divest these and “clean up” their balance sheets in order to free up capital, de-risk and preserve market reputation. Usually, a loan facility becomes non-performing when either payments of principal and interest are past due