Bond Documentation

2 days 27-28 Nov 2017, London United Kingdom £2,750.00 + VAT* Download brochure Add to basket

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Overview

Course Overview:

The aim of Bond Documentation is to offer a practical understanding of international bond offerings and the mechanics of the documentation process in particular.

The course, although commercial, focuses primarily on English law, which is widely used for international offerings.

By attending this course, you will become familiar with the most important practical, legal and commercial aspects of international bond issues.

 
Course Highlights Include:

  • The key stages in the bond new issuance process from pre-launch to closing
  • How a Eurobond issue works and what documentation is required
  • Roles and responsibilities of the key participants
  • MTN programmes
  • Relevant regulatory aspects, including the Prospectus Directive
  • Selling restrictions
  • Listing considerations
  • The role and requirements of a trustee

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Kate Craven
Kate Craven started her career in the City at Mitsubishi Trust International in 1987, followed by Kidder, Peabody International. From 1993 until 2003 she worked for Merrill Lynch International where she was the Head of TMG.

Between 2003 and 2013 Kate worked for Barclays Capital as a Director in the Legal Department responsible for the team specialising in debt capital markets with a focus on Eurobonds and EMTN Programmes.

From 2001 until 2013, Kate was the Chair of the Legal & Documentation Committee of the International Capital Market Association (ICMA), and in 2014, Kate was presented with an outstanding achievement award by IFLR in recognition of the huge contribution she had made to DCM documentation standards.

Venue

London

Hotel in Central London

All  courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

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We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda
 Day 1


Overview of the international bond and debt market

  • Introduction to the markets and securities traded
  • Characteristics of the Eurobond market

The key participants and their roles and responsibilities

  • Issuer, Banks, Counsel, Auditors, Listing Agent, Fiscal Agent, Trustee, Clearing Systems

Listing on the irish stock exchange

  • Gerard Scully, Irish Stock Exchange


Offering structure, timetable and commercial considerations

  • Typical offering structures for Eurobonds e.g. Standalone v. Programme; Syndicated v. private placement
  • Timetable (and factors that may impact upon it)
  • Commercial considerations e.g. Retail v. Wholesale; Listing venue; Selling restrictions

Principal documentation

Prospectus

  • Terms and Conditions
  • Form of the bonds

Subscription Agreement

  • Underwriting risk
  • Force majeure
  • Conditions precedent

Agency Agreement/Trust Deed


The role of the trustee
By Stephen Norton, the Law Debenture Corporation Plc

  • Why choose the trustee option?
  • Role of Trustee – pre-closing and post closing


 

Day 2



Mtn programmes

  • Overview
  • Final Terms
  • Key Considerations

European regulatory framework

  • Prospectus Directive
  • Transparency Directive

Prospectus disclosure

  • Disclosure
  • Due diligence
  • Supplements

Syndicate processes

  • Roles and responsibilities of the banks
  • Pre-launch, book-building and launch
  • The pot system

Selling restrictions

  • EU considerations
  • US overview (Reg S; 144a; TEFRA C and D)

Signing & closing mechanics

  • Settlement process
  • Waiver of conditions precedent
  • Key considerations

Course summary and close

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product