Commercial Paper Programs

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Commercial Paper programs remain a popular financing tool used by investment grade corporate issuers. Total US commercial paper issuance by non-financial corporates currently approximates $200B, and $80B in Europe.

The Commercial Paper market has made a full recovery from the brief dislocation of the COVID-19 pandemic crisis.

In this webcast, we will discuss the considerations relating to the establishment and operation of this type of financing tool. Topics of discussion will include:

The legal framework for commercial paper programs;
The US Commercial Paper and the Eurocommercial Paper market;
Market practice and documentation that is used;
The US Federal Reserve’s commercial paper funding facility; and
Investor base for commercial paper.