
䊏 Organizing the legal aspects
䊏 Preparing the documentation which varies from country to
country and instrument type
䊏 Negotiating the final terms of the bond issue and the timing of the
issue with the issuing entity
䊏 Determining the membership of the syndicate of other banks who
will be invited to help distribute the bonds
䊏 Allocating and distributing the bonds among the syndicate
members
Initially the lead manager will undertake to purchase the entire issue
from the borrower. At this moment, the lead manager assumes 100%
of the risk associated with the issue. To reduce this risk, the lead
manager brings together organizations known as co-leader managers ...