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Credit Lens: Europe & Beyond

by Octus
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Latest episodes

  • EP 24 | Air Baltic's Chapter 11 and HelloFresh's Bond Nose Dive

    October 8, 2026 · 26 min

    Air Baltic has landed in a New York courtroom, and HelloFresh has watched a brand new bond shed 13 points in two months. Phoebe Appenteng and Katie McMahon work through both in the latest Credit Lens: Europe & Beyond. They open on Riga’s…

  • EP 23 | Aston Martin's £550M Lifeline and the LME Blocker Problem

    September 3, 2026 · 28 min

    Aston Martin just moved what looks like most of its intellectual property into a chain of Cayman Islands subsidiaries, and bondholders are still trying to figure out how it was allowed. Phoebe Appenteng and Katie McMahon take it on in the…

  • EP 22 | European Heat, Dry Rivers, and Virgin Media's £22 Billion Question

    August 19, 2026 · 23 min

    Europe's rivers are running low, and the credit implications are running deeper than the earnings calls suggest. Phoebe Appenteng and Katie McMahon take it on in the latest Credit Lens: Europe & Beyond, joined by Wayne Jambawo, Financial…

  • EP 21 | Grupo Antolin's Secret Filing and Thames Water's Golden Share

    August 11, 2026 · 29 min

    A Spanish auto supplier quietly filed for insolvency without telling its bondholders. A UK utility is dangling a golden share at the government to fend off nationalization. Two of the messier situations in European credit right now, worked…

  • EP 20 | Aston Martin's Cash Problem, Plus a Distressed Holiday

    July 20, 2026 · 29 min

    Aston Martin has survived seven bankruptcy proceedings in a century, and the eighth chapter is now being written in a bondholder co-op agreement. Phoebe Appenteng and Katie McMahon are joined by Rafi Rees, Credit Analyst at Octus, to work…

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About the show

Credit Lens: Europe & Beyond explores the people, stories, and forces shaping credit across EMEA and beyond. Hosted by Octus editor Phoebe Appenteng and reporter Katie McMahon, Credit Lens: Europe & Beyond brings timely analysis and context on distressed debt, restructurings, new issuance, private capital flows, and the political and economic shifts moving markets. It is made for credit investors, legal advisors, syndicate desks, and anyone curious about how European credit really works. Each episode is smart, conversational, and focused on what matters most. New episodes every two weeks.