Trustee Services

GLAS provides trustee services on a diverse portfolio of trustee appointments from issuers covering fixed income, debt issuance programmes, infrastructure projects, real estate projects to stand alone bond issues.

We consider amendment, consent and waiver requests from the issuer in a proactive and commercial manner and facilitate communication between the issuer and beneficiaries in default or potential default situations.

GLAS has teams in the Americas, Europe, the Middle East and APAC who together offer local and international expertise. They can also take security in multiple jurisdictions depending on the requirements of the transaction.

As an independent provider of successor bond trustee services, we offer a conflict free solution during the restructuring process. The specialist skills of our team help actively manage the restructuring requirements throughout the life of the transaction.

Our teams are agile, they have been appointed directly by the main creditors on bond issues to replace the incumbent bank trustees to overcome inflexibility during the restructuring process.

We are also often appointed as security agents by incumbent bank trustees themselves to avoid conflicts on transactions for which they also provide other roles.