Raising Debt Finance - Issuing Bonds & Fixed Income

BPP Professional Education
Course summary
6 hours
650 GBP excl. VAT
Next available date: 05/11/2019 - London

Course description

Raising Debt Finance - Issuing Bonds & Fixed Income

The corporate bond market has become a key channel for companies to raise debt capital. Post the financial crisis there is less capacity for banks to lend to companies. From the investor side low interest rates on sovereign bonds and bank deposits has increased the demand for corporate bonds by retail and pooled vehicle investors.The course explains the process by which bonds are created and issued to investors and provides an introduction to the subject of the documentation of bonds under English law. It covers the functions of Debt Capital Markets (DCM) activities within an investment bank.Delegates who attend the course will gain end-to-end knowledge of the bond issuance process, as well as some of the pros and cons of borrowing in different debt formats.

Suitability - Who should attend?

This course is for those who want to understand a typical international bond issue in respect of both the issuance process for a bond and the typical terms and conditions attached to a bond.This course is suitable and designed for those who are involved in raising debt from either a treasury perspective or those who work with existing or prospective bond issuers.It is relevant for treasury staff, accountants and lawyers as well as those entering the origination area of an investment bank.

Training Course Content

Learning outcomes include obtaining a greater understanding of:The timing procedure and structure of a bond issueThe different perspectives of the issuer managers trustee and fiscal or paying agent and the principal points which are likely to be contentiousCovenants and other terms typically attached to bonds issuesA bond’s key featuresDifferent types of debt securitiesChoosing to issue a bond versus loanCoupon, yield, maturity and other key aspects of a bondIssuance conditions - market environment and issuer-specific considerationsTypical terms and conditions of bonds including interest, redemption, covenants, events of defaultParties to a bond issueThe parties to a bond issue and their respective rolesDifferences between a trustee and fiscal agentActivities of Debt Capital Markets (DCM)Role of the underwriter, and the subscription agreementMarketing the deal - roadshow, pricing and launchResponsibilities of the issuerLegal and Regulatory ConsiderationsProspectus requirements and regulations - the Prospectus Directive and MiFIDOffering circulars and pricing supplementsMTNsOtherConsideration of different types of bonds (e.g. convertibles) and when appropriate to issueSecuritisation, and other forms of secured bond issue

About provider

BPP Professional Education

BPP Professional Education -  Accountancy, Tax, Financial Services, Law & Insolvency Courses

BPP Professional Education is one of the specialist examination-based and professional development training arm of the BPP Group, Europe's biggest professional education and publishing provider with 2,000 staff members across 40 countries and over 30,000 students per year. BPP Professional Education...

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BPP Professional Education

3 London Wall Buildings
EC2M 5PD London

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