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James Hill

James Hill

Jersey
Partner

Jon Woolrich

Jon Woolrich

Jersey
Mourant LP Partner

Cash box structures for convertible bond issues

[Dynamic date]

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.