Successful bond issues offer companies greater financial leeway. Yet this success depends on convincing prospective investors – particularly when it comes to corporate bonds for companies which are not known nationally.
mwb fairtrade therefore does not consider itself a mere underwriter, but rather an interface between companies and the capital markets. Our team has longstanding contacts and knows which investors are the right match for which bonds. Before we advise you to issue a bond, we first analyse your company and discuss with you which conditions make the best fit for you. Whether it be the term, coupon (interest rate) or the right trading venue. Our analysis may well prompt us to advise against issuing a bond, but that's because it's about doing the responsible thing and not simply serving our own interests.
| Analyse the company | Evaluate its opportunities on the capital market |
| Market research | Define potential and benchmarking |
| Rating | If necessary, select and engage a ratings agency |
| Set milestones | Determine all necessary steps, including issue date |
| Develop presentation | Compile all relevant information for investors |
| Market sounding | Present investment story to selected investors and obtain reliable feedback |
| Determine issuance volume | Set a realistic volume based on sounding |
| Determine the term | Determine maturity date for corporate bond |
| Coupon amount | Use sounding to determine the interest rate that will be attractive to investors |
| Define covenants | Agree on clauses in bond terms and conditions to limit investor risk |
| Select trading venue | Determine trading venue which appears most suitable for an issuance |
| Select market segment | Determine the segment that offers the greatest chances for success |
| Due diligence | Risk review on behalf of mwb |
| Draft prospectus | Assist in preparing a prospectus |
| Roadshow | Present investment story to investors |
| Visit trading floor | Visit venue on day of initial listing and provide additional support with future PR work |
| Aftermarket support | Where necessary, stabilise trading and secure liquidity through market making |