4. Debt – Issuer's Guide

10 results for "Category: 4. Debt"

4.2.1 Fees

Although it has undeniable advantages for the Company, the Bond Offering process will involve costs that must be considered. The total direct cost of the transaction varies depending on the size of the fundraising, the structure of theoffer, the context, and the choice of advisors. It comprises the fees due to the various advisors, including […]
4.1.2.3. Offering and placement

4.1.2.3.1. Pricing The pricing of the offering in case of a public offering, may be established together with the financial advisors during the preparation of the Information Document. The financial advisors together with the Company will define a fixed price for the bonds being offered according to valuation techniques described in section ‘4.1.3.2.1. Bond valuation’. […]
4.1.2.2. Preparation

4.2.2.1. Presentation document If an MTF is chosen, for the listing of the bonds, and the offering of bonds is preceded by a Private Placement or by a Public Offering that does not require the disclosure of an EU Prospectus in accordance with one of the exemptions presented in section ‘4.1.0. Road to Debt offering’, […]
4.1.2.1. Planning

Even though the Company must prepare itself to become a Company with publicly traded bonds, given the greater simplicity of the process and the greater flexibility of the requirements applicable to the admission to trading on an MTF market, the planning phase will mostly focus firstly on assuring the Bond Offering is the best option […]
4.1.2 Simplified Scope Bond Offering Process

This section was prepared to show potential Issuers the main steps of a Bond Offering – exempted of the duty to prepare Prospectus or through a private placement – followed by an admission on an MTF. The Bond Offering process is developed in 3 phases, the Planning, the Preparation and the Offering and Placement phases, […]
4.1.1.3. Offering and placement

Following the publication of the Prospectus, the Public Offering period begins. In less frequent cases in which a Private Placement is also being held, the Order Book is open to collect orders from the Institutional Investors. The Offering period normally takes between 1 and 2 weeks.
4.1.1.2. Preparation

The preparation phase may take between 2 to 4 months before finalizing the process of admitting the bonds to trading. The preparation phase (as the planning phase) will vary greatly dependent on several factors such as: the Company´s development stage, if it is the first issuance or not, if you have a base Prospectus, if […]
4.1.1.1 Planning

The chances of success of the operation are increased if in the period that precedes a bond offering, the executive team of the Company carries a solid end-to-end planning process. Successful Bond Offering candidates will begin the planning process in advance. The planning phase (as well as the preparation phase) will vary greatly dependent on […]
4.1.1 Full Scope Bond Offering Process (Bond Offering with Prospectus)

If the admission to trading of your Company’s bonds takes place on a regulated market and/or if the Offer takes place through a Public Offer, the Company needs to prepare and disclose an EU Prospectus (unless any of the exemptions referred apply). This section aims to present to potential issuers the roadmap to follow in […]
4.1.0 Road to Debt offering

A regular Bond Offering process typically requires smart preparation. The level of demand and planning for a Bond Offering is dependent on stage of the Company’s development, on the characteristics of the transaction – the format of the offer prior to the listing (“the Offer”), the market of the listing and also on the type […]