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« Back to Index