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Technical

The Treasurer's handbook - assessing the US private placement market from a corporate perspective

  Tim Hayter & Bunzl plc |   Free |   The Association of Corporate Treasurers |   Oct 2014 |   www.treasurers.org

The US Private Placement (USPP) market is a US private bond market that is available to both US and non-US companies. This article assesses the US private placement market from a corporate perspective including:

• Which agent(s) to select, assessing responses and due diligence • Offering memorandum • Note Purchase Agreement, covenants and amendments • Board approval • Distribution process • Acceptance of bids • Circling • Pre-hedging • Swapping to floating rates and/or another currency • Funding • Investor due diligence & ongoing investor relations.

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

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