Strengthening Bondholder Rights Through Shared Activism

Mission STATEMENT

The Credit Roundtable believes that enhancing bondholder protections benefits issuers, underwriters and investors alike by laying the foundation for a fair and efficient corporate bond market. Through education, outreach and advocacy, the group maintains a constant vigilance against slippage in covenant language and terms of corporate actions, and it does so with the oversight of antitrust counsel. 

History

The Credit Roundtable was formed in 2007 in association with the Fixed Income Forum to write what is now widely known as the Covenant Whitepaper. This is a living document that sets forth model covenant provisions which may be tailored to the circumstances of particular issuers and particular market conditions. In the past decade, the Credit Roundtable has grown to 39 members with more than $4 trillion of fixed income assets under management.

The Credit Roundtables regularly organizes bondholder groups and special task forces to support its major initiatives around: 

  • Bondholder Covenant Protections 
  • New Issue Underwriting and Distribution 
  • Tender/Exchange and Consent 
  • Transparency and Market Liquidity 
Benefits

Proven Track Record

The Credit Roundtable celebrated its 10-year anniversary in 2017. Over the past decade, it has grown its program to include monthly conference calls, in-person meetings with regulators and two annual meetings. The meetings, in affiliation with the Fixed Income Forum, are held in the Spring in Washington, DC, and in the Fall in Chicago.

Access

Members of the Credit Roundtable enjoy an ongoing dialogue with regulators and antitrust counsel. 

Networking

Credit Roundtable members include heads of credit research at a variety of buyside firms: traditional asset managers, fund managers, insurance companies and pension funds. Besides interacting on monthly calls and meetings, members work together on task forces and bondholder groups.

Contact

Questions?

For more information, please contact:

Cathy Scott

212 224 3083
cathy.scott@iimemberships.com