process flow of the bond issuance process

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PROCESS FLOW OF THE PDS ISSUANCE PROCESS


Needs analysis

Business and financial justification to raise capital


Appointment of a Financial Advisor/Lead Arranger

Process of identification and appointment


Business and financial analysis

– Preparing the business write-up– Preparing the cash flows


Bond structuring

– Structuring the optimised bond structure – Looking out for structuring requirements that could be

“traps”


Rating exercise

– Managing expectations– Preparing the information package for the rating team– Anticipating the focus of the rating team


Formalising relationships with other stakeholders

– Trustee– Monitoring accountant– Shariah experts (only if issuance in a sukuk)


Legal documentation

– Preparation of the various documentations– Ensuring rights of the issuer as well as investors are

protected


Approval process

Submitting applications to relevant authorities


Marketing road show

Promoting the bonds to potential investors


Tendering process

Finalising the choice of tendering


Issuance

Seal the deal


Surveillance


What’s the priority?

Appointment of a Financial

Advisor/Lead Arranger

Business and financial analysis

Rating exercise

Bond structuring

Formalising relationships

Legal documentation

Marketing road show

Approval process

Tendering process

Issuance

Surveillance

Needs analysis1

2

6

54

310

9

8

7

12

11

process flow of the bond issuance process

Documents