Cash box structures for convertible bond issues
31 March 2020
Given the global cash flow crisis arising from the COVID-19 outbreak, many UK listed companies (UK PLCs) will be looking at options for raising emergency capital. One such option is a convertible bond issue. Structuring a convertible bond issue using a Jersey cash box structure can make it easier to implement the bond issue and may offer other benefits too.
This briefing describes how cash box structures work in relation to convertible (and exchangeable) bond issues and some of the reasons why Jersey companies are particularly well suited to these cash box structures.
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About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
