Zero-Cost Tranche Switch Pitched

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Zero-Cost Tranche Switch Pitched

Structurers are pitching a form of restructuring for corporate collateralized debt obligations that will allow investors to move up the capital structure for no additional cost.

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