Reported about 7 hours ago
Japanese corporate bond investors are increasingly advocating for Change of Control covenants to safeguard against potential credit deterioration when companies become targets for acquisitions. The growing M&A activity, highlighted by challenges faced by firms like Seven & i Holdings and Nissan, has amplified concerns about ownership changes leading to financial risks. As a result, the Japan Securities Dealers Association is exploring the introduction of such clauses to enhance investor protections amidst shifting market dynamics.
Source: YAHOO