News and Analysis

ChatGPT is the new risk-factor buzzword

Will Caiger-Smith's avatar
  1. Will Caiger-Smith
3 min read

As if you hadn’t already heard enough about ChatGPT, bond issuers are now including it in their offering docs.

The latest example is UK hotel chain Travelodge, which is in the market this week with a euro and sterling-denominated refinancing deal. In the risk factors section of its OM, the company discusses the possibility of fluctuations in digital marketing costs and notes the potential impact of ChatGPT:

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