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El-Aref International Law Office represented Client for CDS Backed Facility of $5 billion facility

March 2012

El-Aref International Law Office represented Client for CDS Backed Facility by International Investment Bank proposing a $5 billion facility.

El-Aref International Law Office represented Client for CDS Backed Facility by International Investment Bank proposing a $5 billion facility which can be drawn in tranches of $500 Million US Dollars. Maturity can be selected at time of draw-down and can be specified for any period between 1 year to 5 years. This structure allow borrower to access cost-effective liquidity when compared to conventional sources in a private bilateral transaction that does not tap their Eurobond or syndicate loan borrowing capacity. CDS spreads across the yield curve are stabilizing and so an averaging in strategy over time may provide a more competitively priced facility versus executing facility in a tight window.


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