Decoding Your Bondholder Base

When new bonds are issued, an underwriter may have a pretty good idea of the banks and brokers holding the debt – and maybe even some of the beneficial owners. However, after the initial sale, as trades begin to occur, it becomes harder and harder to know anything about your investors. 

Developing a firm understanding of who holds your bonds is a powerful tool that can transform your liability management, financial planning, and investor relations. It is a crucial first step in the execution of any successful bondholder initiative (i.e. a tender, exchange, or consent solicitation). 

We’ve assembled a short booklet highlighting the importance and the challenges in identifying bondholders, and how we can help: