PROCESS FLOW OF THE PDS ISSUANCE

PROCESS

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 Needs analysis

Business and financial justification to raise capital

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 Appointment of a Financial Advisor/Lead Arranger

Process of identification and appointment

©Copyright BOND PRICING AGENCY MALAYSIA SDN.BHD (FORMERLY BONDWEB MALAYSIA SDN BHD). - All rights reserved.
 Business and financial analysis

– Preparing the business write-up

– Preparing the cash flows

©Copyright BOND PRICING AGENCY MALAYSIA SDN.BHD (FORMERLY BONDWEB MALAYSIA SDN BHD). - All rights reserved.
 Bond structuring

– Structuring the optimised bond structure

– Looking out for structuring requirements that could be
“traps”

©Copyright BOND PRICING AGENCY MALAYSIA SDN.BHD (FORMERLY BONDWEB MALAYSIA SDN BHD). - All rights reserved.
 Rating exercise

– Managing expectations
– Preparing the information package for the rating team
– Anticipating the focus of the rating team

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 Formalising relationships with other stakeholders

– Trustee
– Monitoring accountant
– Shariah experts (only if issuance in a sukuk)

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 Legal documentation

– Preparation of the various documentations

– Ensuring rights of the issuer as well as investors are
protected

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 Approval process

Submitting applications to relevant authorities

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 Marketing road show

Promoting the bonds to potential investors

©Copyright BOND PRICING AGENCY MALAYSIA SDN.BHD (FORMERLY BONDWEB MALAYSIA SDN BHD). - All rights reserved.
 Tendering process

Finalising the choice of tendering

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 Issuance

Seal the deal

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 Surveillance

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 What’s the priority?

8
Appointment of
a Financial

1
Advisor/Lead
Arranger

10
Business and
Needs analysis financial
analysis

6
Rating

3
Surveillance
exercise

11 9
Bond
Issuance
structuring

2 12
Tendering
process
Formalising
relationships

4
5 7
Approval Legal
process documentation

Marketing road
show

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