Adler Group - Analysing the LTV ratios under the bond covenants

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Adler Group - Analysing the LTV ratios under the bond covenants

Caitlin Carey's avatar
  1. Caitlin Carey
10 min read

This article is part of our ongoing coverage of developments at Adler Group since the Viceroy Research short-seller report broke last week. 

Our latest report will analyse the covenant terms of Adler Group’s and Adler Real Estate’s outstanding bonds and in particular how the LTV ratio tests set out in the bond documentation are calculated.

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