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Bond Underwriting

Definition

Bond underwriting business refers to the business to raise funds for issuing client whereby the Bank’s role of the main underwriter, jointly underwriter or sub-underwriter, or financial adviser which is determined in accordance to the underwriting agreement / financial advisory agreement and other relevant laws. Documents signed with the issuer, the use of either standby commitment or consignment type to organise the bond issuance either by public offering or private placement, and urge the issuer to disclose information continuously, payment of principal and interest on schedule, etc..

Functions

• Broaden customer financing channels.

• Advantage over cost in comparison to bank loans.

• Due to the need for continuous disclosure of information, customers are regulated to comply with the law.

• Improve the popularity of the customer.

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