easy · Debt Capital Markets
Why would an investment bank's syndicate desk care about the specific rating assigned to a new bond issue?
- It is used to calculate the bank's internal employee bonuses for the deal team.
- It determines the total commission (fees) the bank is legally allowed to charge the issuer.
- It tells the desk exactly what day the market will be 'open' for issuance.
- It dictates which specific investors can be targeted and where the bond's spread should likely be priced.
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More Debt Capital Markets practice
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