Global Debt & Bondholder Services

Our Bondholder Identification capabilities include:

• Identification of end beneficiaries
• Look-though ID for regulatory or tax purposes

With years of experience and a highly qualified team dedicated solely to bondholder identification, we provide bond issuers and advisors with a best-in-class bondholder identification service.

Understanding who owns an issuer’s bonds can be crucial in devising and executing a strategy. Issuers and advisors will need to proactively identify or communicate with investors for numerous reasons, including planning a debt restructuring, ensuring the correct liability management strategy, improving debt investor relations, or for regulatory compliance.

Bondholder identification can serve several purposes:

1. Anticipation of a transaction
2. To enable a debt Investor Relations (IR) strategy
3. For tax-certification or regulatory purposes
4. Compliance with certain securities laws

Our global team of experts provides bond issuers with a detailed analysis of their bondholder population.

Read more: Recognizing the Crucial Role of Identifying Bondholders

Our Liability Management Services include:

• Information Agent
• Tabulation Agent
• Tender Agent
• Exchange Agent

Engaging an experienced and expert information and liability management agent can be vital for bond issuers’ liability management or debt restructuring initiatives.

As complexity in such transactions increases to meet the needs of issuers, it is important to have a team of experts on your side who anticipate problems before they occur. As well as broad geographical coverage in a world where investors and their intermediaries are regularly found across multiple continents.

Using a proprietary real-time reporting system, BondWatch, we are able to monitor in real-time the instructions received from bondholders and identify immediately when requisite thresholds have been achieved.

Our Liability Management Services include:

Deal Mechanics Advice

Prior to the launch of a transaction, we review the transaction documents, examine the mechanical aspects in question and advise on the optimal operational procedures, encouraging participation.

Launch

We announce the issuer’s transaction to the market, publish stock exchange announcements, newswire releases, distribute relevant materials to clearing houses, financial intermediaries and underlying investors, and host transaction documents via a secure, dedicated website.

Engagement & Monitoring

Once the transaction is announced, our experienced and multilingual team is available to provide support and assistance with questions or document requests and provide insights as to holders’ identities.

BondWatch & Deal Reporting

Accessible via a secure website, BondWatch is Sodali & Co’s proprietary system that enables bond issuers and their advisors to view instructions received in real-time. We then tabulate holders’ instructions and collects related information.

Certification & Settlement

At the end of a deal, we certify the results, manage the mechanics of settlement and provide the necessary calculations and mark-up / mark-down instructions for the deal to successfully settle.

Our Debt Restructuring Services capabilities include:

• Information Agent
• Settlement Agent
• Calculation Agent

Our experienced team provides advice on locating creditors, deal mechanics, timelines, clearing system requirements, bondholder engagement, and settlement coordination.

Using proprietary technology platforms, Portal and BondWatch, we streamline the execution of Restructuring Support Agreement (RSA) accessions and voting on Schemes of Arrangement and other restructuring processes (in or out of court). We also monitor in real-time the instructions received from bondholders, as well as immediately identifying when requisite thresholds have been achieved.

Sodali & Co are ranked as:

• number one information agent in sovereign debt restructuring
• number one information agent in in APAC
• number two information agent in EMEA liability management
• number two information agent in LatAm liability management

Read more about our contribution to the successful completion of Sri Lanka's US$12.5 billion external sovereign bond restructuring.

Discover our recent deals here.