Carillion collapse rumbles through private debt markets

The Schuldschein and US PP markets pride themselves on rigorous credit analysis, but both were caught flat-footed when UK outsourcing firm Carillion fell into liquidation this week. The likelihood of private debt investors getting their money back is slim, and the knock-on effects on both markets are being disputed, write Nell Mackenzie and Silas Brown.

  • By Nell Mackenzie, Owen Sanderson, Silas Brown
  • 18 Jan 2018
After talks broke down with the UK government over the weekend, Carillion filed for liquidation — a withering climax to a saga that has lasted six months so far. Carillion had private debt outstanding — some £112m-equivalent in euros, dollars and sterling in Schuldschein notes, and £361m-equivalnt in ...

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