Investment bank

An investment bank assists its client (issuer) in various steps of a public offering.  This includes:

  • Determining the funding needs of the issuer.  
  • Structuring the security.  
  • Creating the bond indenture (for debt securities).  
  • Naming a bond trustee, which can be a trust company or bank trust department.  
  • Registering the issue with securities regulators.  
  • Assessing demand and pricing the security given market conditions.  
  • Selling the security to investors.  

See also: Syndicated offering

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