Test your knowledge

A FRN is issued at LIBOR minus a spread
A borrower issues a bond and receives fixed in swap to achieve sub-LIBOR funding
A borrower issues a bond and pays fixed in the swap to achieve sub-LIBOR funding
None of the above
A change of control provision
A disposal of assets restriction
A typical Eurobond negative pledge clause
Minimum net worth
Force majeure clause
Representations and warranties
Provision requiring closing certificate
Fixed-spread tender
Modified Dutch auction
Partial tender
Fixed-price tender
Financial covenants
Negative pledge
Cross default
‘Pari Passu’

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