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United Provinces of Kestrel · Sovereign · Restructuring · 2026-11-13

United Provinces of Kestrel 2026 (B)

publisheddevelopment split10 verified of 10 questions · 2 documents · 1 instruments

United Provinces of Kestrel experienced a restructuring credit event in 2026. The record contains the terms of the GBP 2033 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2023-11-13Notes issued.
  2. 2026-11-13Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
GBP 2033 NotesUnited Provinces of KestrelISIN XS1000174218GBP2033-11-13Subordinated10
Key question · #223 · 2 of 4 models missed
Is the instrument transferable without the consent of the Issuer?
Claude GPT Gemini Mastermind
Key question · #226 · 2 of 4 models missed
Which section of the record establishes the seniority (ranking) of the instrument? Answer with the section identifier (e…
Claude GPT Gemini Mastermind
Key question · #218 · 1 of 4 models missed
What is the maturity date of the instrument? Answer as YYYY-MM-DD.
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
218What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2033-11-13deterministically verified✓✓✕✓
219In which currency is the instrument denominated? Answer with the ISO currency code.Fact extractionGBPdeterministically verified✓✓✓✓
220Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
221Is the instrument denominated in a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD)?Rule applicationYesdeterministically verified✓✓✓✓
222Is the instrument subordinated?adversarialRule applicationYesdeterministically verified✓✓✓✓
223Is the instrument transferable without the consent of the Issuer?Document interpretationYesdeterministically verified△✓✓△
224Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …adversarialDeliverabilityIneligibledeterministically verified✓✓✕✓
225Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…Rule applicationYesdeterministically verified✓✓✓✓
226Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
227Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyYesdeterministically verified✓✓✓✓
Sources

Where this record comes from

  • DOC-1GBP 2033 Notes — Terms and Conditions (excerpt)prospectus · 2023-11-13
    Source: CDSBenchretrieved 2026-09-15text shown in full
  • DOC-2Determinations Committee notice — United Provinces of Kestreldc decision · 2026-11-13
    Source: CDSBenchretrieved 2026-09-15text shown in full

Publishers are named for attribution only and do not endorse CDSBench. Questions, corrections and takedown requests: see the data policy.

Public documents

The record

  • DOC-1 GBP 2033 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — United Provinces of Kestrel
Related cases

Precedents by structure, not by keyword

  • United Provinces of Kestrel 2027Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: injection_subordinated, sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Kingdom of Vestmark 2026Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Commonwealth of Tessaly 2026Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Republic of Marovia 2024Review
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.