"They are able to process significant volumes for us very efficiently and leverage their knowledge of the sector to flag risks and issues"Chambers UK - 2016
Listed Bonds: Perfectly tailored – the bond that fits you
At a glance
Listed bonds allow a company to raise significant funds without diluting equity value. They offer liquidity and protection to investors. Their flexibility allows the security to be tailored by the borrower. At Memery Crystal we have the expertise to guide you through the process.
Listed bonds offer flexibility: they can be listed on the international capital market of your choice, to tempt a wide investor base. Retail and institutional investors alike are attracted to listed bonds because they offer liquidity, structured protection and higher levels of disclosure than other forms of alternative finance.
Companies seeking funds like them because they’re a cost-effective way to raise significant amounts with lower interest rates, they’re convertible, can be secured or unsecured.
We make listed bonds work by bringing together fund-seeking companies, advisors, banks and investors. We work with trusted advisors to create a listed bond that’s practical, flexible and appealing to all parties. The two main pitfalls with listed bonds are multiple stakeholders with differing demands and ensuring that the company retains control. We’re prepared for those issues and will advise on how to reduce the risks.
We usually advise on listed bond issues in the £100 – £200 million range.
- Advising Petra Diamonds Limited on the issue of a $300 million high yield bond.
- Advising Gulf Keystone Petroleum Limited on its move from AIM to the standard segment of the Main Market, together with separate US$275 and US$250 million convertible bond issue and listing on the Luxembourg Stock.