Our four-part multimedia series, “High-Yield Bonds in Asia: What Every Issuer Needs to Know,” offers practical insights on high-yield debt for Asia-based issuers seeking to understand important covenants and trends.

In this fourth and final video of our series, Mayer Brown partner Jason T. Elder explains the restricted payments covenant, how the net income basket is calculated, when it is used and how issuers comply with a restricted payments covenant when paying dividends or making investments outside the credit group.

Missed the previous videos in the series? Watch them here and follow us on YouTube.

For more information, download a copy of our High-Yield Bonds in Asia – The Complete Issuer's Guide (Second Edition), which includes detailed explanations and illustrative examples.

Compétences liées