Question

What is the process of bringing a new international bond issue to market

Answer 1

0. Appoint a Merchant Banker and draft a Prospectus.
1. Issue prospectus (for review) to the securities regulator of the country in which you wish to issue the bond.
2. Once the regulator comes back with their view, make the necessary changes.
3. Comply with other legal formalities, based on laws of the country.
4. Appoint bankers, registrars, underwriter to the issue.
5. Carry out road shows.
6. Do the actual bond issue.
7. If there is an oversubscription, refund the excess.
8. Issue bond certificates (these days these are issued in the dematerialized form).
9. Comply with other post issue legal issues, as per laws of the country.