Deal of the year: Arqiva/HSBC

It took almost two years to complete the financing of Arqiva, a UK communications infrastructure company. HSBC played the lead role in tackling a hugely underwater £2.3 billion derivatives book

Matthew Taylor, HSBC

A corporate debt restructuring is never completely straightforward, but when the company in question – Arqiva, the UK’s largest broadcast equipment operator – also has £2.6 billion of significantly out-of-the-money interest rate and inflation swaps, all with looming simultaneous mandatory break clauses, it becomes a unique challenge.

It took the best part of two years to find a solution, as well as the combined efforts of 19 banks, dozens of lawyers, and Arqiva and its adviser, Rothschild Group

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here