Corporate Bonds
Direct access to institutional fixed-income capital, at size and duration.
Bond issuance gives a scaled company capital straight from the institutions that hold fixed income, at a size and a tenor the banks cannot match. We position the credit, structure the instrument, and run the book among the investors who buy it. We advise the issuer, and we run the process to close.
01 / What It Is
Fixed-income capital, raised on a credit story.
A corporate bond is debt issued directly to fixed-income investors: public bonds, high-yield, and private placements. The investor buys scale, tenor, and a credit story, and holds the paper for its coupon. For a company with the size and the cash flows to reach the capital markets, it is the alternative to bank and private-credit debt, and it prices on the strength of the credit rather than a single lender's appetite.
Typical issuer
Scaled, cash-generative, and ready for the market.
Companies with contracted or dependable cash flows, raising long-dated capital that bank lines are not built to hold.
02 / When You Use It
When a bond is the right instrument.
The situations where the fixed-income market is the deepest and most patient source of capital.
Terming out construction debt
A scaled data-center platform refinances short-dated bank and bridge facilities into long-dated fixed-rate bonds, matched to the life of the asset.
Long-dated fixed-rate capital
A power or industrial company locks in duration and a known coupon, taking rate risk off the table for capital that is deployed over decades.
Diversifying away from bank lines
An issuer reliant on a small syndicate of banks broadens its funding base, reduces refinancing concentration, and preserves committed lines for working capital.
A private placement first
A company not yet ready for a public deal raises from a defined group of institutional investors, on negotiated terms, without a rating or a public book.
Building a curve
A repeat issuer establishes a benchmark and a maturity profile, so that each subsequent raise prices against a known and trusted credit.
Funding scale that banks will not hold
A financing too large for a single lender to underwrite comfortably is placed with the fixed-income market, where the capital is deep and patient.
03 / How We Run It
We run a book, not an introduction.
A bond is won on the credit story and the process behind it. We build the case, take it to the desks that anchor these deals, and hold them in competition on spread and terms.
- 01
We position the credit story
The business, the cash flows, the contracts, and the reasons a fixed-income investor should be comfortable holding the paper to maturity.
- 02
We structure the instrument
Tenor, coupon type, covenants, security, and ranking, built for the specific investors we intend to reach and the rating we intend to carry.
- 03
We prepare for investors and agencies
The offering materials, the investor presentation, and, where the deal calls for a rating, the case put to the agencies.
- 04
We run the book
The financing goes to the fixed-income desks and accounts most likely to anchor it, held in competition on spread, size, and terms.
- 05
We price and close
Final pricing, allocation, documentation, and settlement, managed to the wire.
04 / The Capital
Who buys the paper.
The fixed-income market is built from institutions that hold debt to maturity. We reach them directly, on the buy side, where these deals are anchored.
- 01
Insurance companies
Long-dated liabilities matched to long-dated, investment-grade paper.
- 02
Pension funds
Patient capital seeking duration and dependable coupons.
- 03
Asset managers
Core and crossover fixed-income mandates buying scale and liquidity.
- 04
Credit and fixed-income funds
High-yield and specialist accounts underwriting the credit story directly.
- 05
Private placement investors
Institutions that buy unrated, negotiated paper and hold it to maturity.
05 / In the AI Supply Chain
The sectors bonds finance.
Long-lived, capital-intensive assets with the cash-flow profile the fixed-income market underwrites.
Data centers at platform scale
Contracted, long-lived assets with the cash-flow profile that fixed-income investors underwrite.
Power generation
Long-dated, capital-intensive assets that suit fixed-rate, long-tenor debt.
Grid and transmission
Regulated and contracted revenue that supports investment-grade issuance.
Heavy industrial
Scaled manufacturers of the equipment and materials the supply chain depends on.
06 / Contact
Considering an issuance?
Tell us the company, the cash flows, and the capital you are trying to raise. We will tell you how we would structure the bond and place it.