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Technical

The Treasurer's handbook - building a Debt IR function

  Gillian Karran-Cumberlege, Fidelio Partners |   Free |   The Association of Corporate Treasurers |   Oct 2014 |   www.treasurers.org

For companies that are frequent issuers in the Debt capital markets the benefits of establishing a Debt Investor Relations (IR) function are now recognised. This article provides a framework for treasurers looking to establish the Debt IR function on a professional and effective basis. The article focuses on IR in the context of the capital markets, as opposed to the fundraising function within private equity and hedge funds.

Topics covered:
  • Management accounting: Technical: Corporate finance & treasury management: Corporate funding, Advanced
  • Management accounting: Technical: Corporate finance & treasury management: Corporate funding, Expert

1 Comments/Reflections

Robert Smith

Robert Smith Mar 2020

This is a good "manual" for larger companies using debt finance and advocates a specific Debt IR function. From a SME perspective this blueprint is not realistic as there are not the levels of debt available or sufficient resources to run a separate Debt IR function. That said the need for SMEs to manage debt providers and treating them as key investors is self-evident.

What competency did I develop?
The need for Debt IR as a function to run alongside Equity IR.

What can I do the I couldn't do before?
I think this is subtle but the formalisation of Debt IR is probably the biggest takeaway.

Did you meet your objectives?
Partially.

What will be the wider impact on my team, organisation and career?
I will start to formalise Debt IR in the same way as Equity IR. However this does not mean the creation of a separate function!