Bond Bookbuilding Pre-launch
Nigel Owen
20 years: Debt capital markets
While bond pricing has different processes and conventions in individual markets, the bookbuilding process is much more universal. Nigel begins to explain this process by outlining the purpose of bookbuilding and the role of the syndicate bankers once the mandate is received.
While bond pricing has different processes and conventions in individual markets, the bookbuilding process is much more universal. Nigel begins to explain this process by outlining the purpose of bookbuilding and the role of the syndicate bankers once the mandate is received.
Bond Bookbuilding Pre-launch
7 mins 6 secs
Bond bookbuilding involves an issuer, formally appointing a group of syndicate bankers to underwrite a bond. An optimal deal will raise the amount of money the issuer needs, paying the lowest interest rate, at a maturity that suits its business profile and financing needs.
Key learning objectives:
What is a syndicate banker’s job?
What requirements were put in place by MAR to address soft soundings?
What is discussed on the penultimate call between the syndicate bankers and the issuer?
Nigel Owen
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