Issuing bonds is one of the easiest ways to raise capital, as it offers the issuer a number of advantages. This instrument makes it possible:
The Bank’s basic package of services includes:
- to raise extensive funds for a long term at market rate;
- to gain leeway and flexibility in determining the key attributes of the issue;
- to reap the advantages of unsecured financing;
- diversifying and expanding the creditor base/maintaining independence;
- to form a public credit history;
- to manage borrowing costs;
- to promote the company’s public image on the Russian and international capital markets.
The Bank’s basic package of services includes:
- Advisory
- Structuring a market loan taking into account the issuer’s objectives;
- Legal and investment consulting;
- Research support for the project:
- Providing daily overviews of the stock, fixed-income and currency markets, compiling research reports on the issuer and information memoranda.
- Bookrunning
- Preparing the full package of documents required for state registration of the issue with the registration body or obtaining authorization for placement on stock exchanges;
- Interacting with trade organizers, depositaries and other infrastructural institutions;
- Supporting the process of state registration of issue documents;
- Marketing and promotional activities
- (IR and PR support).
- Underwriting
- Securing bond placement by executing sale transactions to primary bondholders on the terms agreed with the client;
- Forming underwriting syndicates;
- Providing assistance in extending new limits and drawing in new trade participants.
- Acting as a payment agent
- Performing payment functions in servicing bonds, settlement and payout of coupon yield, repayment of debt principal at the issuer’s instructions.
- Market maker
- Helping form a secondary market by supporting bid/ask quotes, performing repo transactions, offering assistance in setting new limits and attracting new trade participants.
