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?