Jonathan Stevens
Jonathan Stevens
Jonathan Stevens
Biography
Jonathan is an associate in the firm’s Corporate and Finance Transactions group. He advises clients on a wide range of cross-border and domestic banking and finance transactions, including structured, real estate, fund, and general corporate finance, regulatory and transactional matters.
Prior to joining the firm, Jonathan also worked both offshore and in-house, where he regularly advised on a diverse array of corporate, finance, regulatory and commercial matters.
Jonathan received his graduate diploma in law and MA (LPC with Business) from BPP University, and holds a BA in History and Ancient History from Cardiff University.
Admissions
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England and Wales
Related Practice Areas
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Structured Finance
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Finance
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Financial Institutions
Related Insights
Insights
Apr 09, 2024
Apr 09, 2024
Issuance of Reverse Yankee Bonds remains active
The sale of Reverse Yankee bonds by prominent US issuers – often with higher credit ratings – has recently continued at a rapid pace. Reverse Yankee bonds are debt securities issued by US issuers that are denominated in a foreign currency, frequently in euros or sterling. The Reverse Yankee bond market offers US issuers additional ways of obtaining debt financing on favourable terms.
Prominent US companies that have tapped the Reverse Yankee bond market in 2023 and year-to-date 2024 include Honeywell International, Becton, Dickinson and Company, AT&T, Proctor & Gamble, Paccar, Caterpillar, insurance companies New York Life and Pacific Life and automobile makers Ford Motor, American Honda and Toyota Motor Credit Corp.