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Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Platform claims it can make documenting bonds much faster
Oil major attracts 20 banks to two year loan underwritten by BNP Paribas and Société Générale
New changes will allow for 'more intuitive' analysis and increase maximum covered bond rating uplift
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Documentation changed in investors' favour after delays and yield rise
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Investors have whip hand in stressed high yield market
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Naftogaz non-payment could foreshadow a sovereign default
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Sovereign's moratorium on all its external debt obligations is also an event of default under the bond terms
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Company seeks to address ESG risk