Identifying bondholders and effective communication

Produced in partnership with Katerina Papamichael of D F King (Europe) Limited
Practice notes

Identifying bondholders and effective communication

Produced in partnership with Katerina Papamichael of D F King (Europe) Limited

Practice notes
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Companies, governments and municipalities issue Bonds to finance their operations and fund projects. The bond market offers a very efficient way to borrow capital. Although many companies are legally entitled to borrow from a bank, the process is often costly and time consuming. Issuing bonds is generally viewed as easier, less restrictive and a cheaper way than borrowing money directly from a bank. For more information, see Practice Notes: Key features of the debt capital markets and Bonds and notes.

For information on the key documentation and parties to an issue of Debt Securities, see Practice Notes: Issuing debt securities—key documentation and Parties in an issue of debt securities.

Why keep in touch with bondholders?

In the past, not a lot of interest was shown by issuers in communicating with their bondholders unless there was an absolute need, and even then the communication simply consisted of a notice sent through the trustee and would eventually not necessarily reach all the beneficial owners.

The trustee is a financial institution with trust powers, such

Katerina Papamichael
Katerina Papamichael

Katerina heads up the Debt Issuer Services business of D.F. King Ltd, a leading global financial communications and stakeholder management firm. With over 20 years’ experience in the capital markets working with global financial institutions, corporates and sovereign issuers, Katerina has extensive expertise executing Liability Management and Debt Restructuring transactions and in researching ownership in capital structures. She works closely with bond issuers and central securities depositaries in Europe and globally, offering a full range of services to debt issuers and their advisers, with a focus on bondholder identification, investor communication and transaction mechanics and execution. She has advised bond issuers and executed hundreds of debt transactions (debt restructuring, tender offers, exchanges and consent solicitations), including the restructurings of the Republic of Argentina and Republic of Greece, as well as numerous complex corporate and sovereign Liability Management and Debt Restructuring transactions in Europe and the APAC region.

Katerina holds Master’s degree in Economics from the University of Economics Prague. She helped establish the European section of the international women’s insolvency network, IWIRC Europe (International Women’s Insolvency & Restructuring Confederation) and served as a Co-Chair and a board member. 

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Jurisdiction(s):
United Kingdom
Key definition:
Bondholder definition
What does Bondholder mean?

An investor who has bought a bond.

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