Last updated:
Introduction
A regular Bond Offering process typically requires a significant amount of preparation. Nonetheless, the level of demand and planning period for the Bond Offering is highly dependent on the type of offer and market of the listing, being considerably more demanding in the case of admission to the Regulated market. Usually, the Bond Offering process is developed in 4 phases, namely Planning, Preparation & Review, Offering & Placement and Post-Listing:
Likewise, once you are knowledgeable about the required steps and are accompanied by the right advisors throughout the process, you should be able to navigate the Bond Offering process with relative ease. In this Chapter you will find a detailed description of the first 3 phases which culminate on the Bond Offering and first listing of the securities. [Post-Listing to be covered in Chapter “Life as a Listed Company”]
A comprehensive timeline detailing main events during the process is presented here [link to full timeline].
In order to ensure sufficient transparency and protection to the potential investors, regardless of what is the target market, a company wishing to carry out a Bond Offering shall prepare and disclose a presentation document to the public. The format and detail of the information that is needed to be disclosed will vary depending on the chosen market and the amount of the Public Offering.
All types of presentation documents are governed exclusively by legal and regulatory provisions and aim at supporting investors in making an informed decision on whether to invest in the bonds offered.
In the following sub-chapters it will be described the typical Bond Offering process and respective steps that need to be taken to conclude an offering when a Prospectus is required. In chapter 5.1.4. we will present the main differences of the offering process when no Prospectus is required.
