THE NEW REGIME OF BOND LOANS IN GREECE
THE NEW REGIME OF BOND LOANS IN GREECE

Summary/Abstract: Corporate financing through bond loans has witnessed a significant surge in popularity within Greekcapital markets over recent decades. In response to this evolving landscape, Greek Law 4548/2018was enacted with the aim of establishing an appealing legal framework for financing Greek companies,superseding the provisions outlined in Greek Laws 2190/1920 and 3156/2003. This study delves intothe exploration of the novel legal framework introduced by Greek Law 4548/2018, specificallyfocusing on private placement bond loans.The primary hypothesis guiding this investigation revolves around the notion that the new legalframework, as delineated by Greek Law 4548/2018, has reshaped the landscape of bond loanfinancing in Greece. The study aims to uncover the key objectives behind the legislative changes andassess the impact of these changes on the financial landscape for Greek companies.After providing a succinct overview of the most noteworthy innovations introduced by Greek Law4548/2018 and elucidating the advantages associated with bond loan financing, the study scrutinizesthe fundamental features inherent to bond loans. Within this context, the legal nature of bonds isanalyzed, considering the contemporary trend steering away from the traditional legal function ofsecurities tied to physical possession. The research further delves into the key stakeholders involvedin the bond loan process, including the issuing company, bondholder, and bondholder agent. The studyseeks to explore the objectives and outcomes associated with these structures, contributing to theoriginality of the article.The novelty of this article lies in its comprehensive exploration of the transformed legal landscape forprivate placement bond loans in Greece following the enactment of Greek Law 4548/2018. By delvinginto the objectives, outcomes, and organizational structures associated with bond loans, this studyaims to contribute valuable insights to the evolving field of corporate financing in Greek capitalmarkets

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