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Issuers

Debt capital markets

Bond issuance software for corporate issuers

Bond issuance software helps a treasurer prepare a debt deal from the issuer side. Issuers tracks comparable bond pricing with sources, maps debt investors, runs the issue timeline and data room, and logs every investor call, while your banks run the book.
Corporate treasurer comparing bond yields and maturities on two monitors in a treasury office

01 Debt comparables

Know where your peers trade before the first call with a bank

Treasury teams usually build the comparables table in a spreadsheet from bank decks and terminal screens, and it is out of date by the next week. In Issuers the table updates daily, and every figure shows where it came from.

Debt comparables sit next to equity multiples and analyst coverage in debt comparables and peer analysis, included on the Public and Enterprise plans. Peer sets are saved per instrument, so a group with several bond programmes compares each against the right peers.

02 Issue timeline

The issue timeline, from preparation to settlement

Each bond is an offering in the workspace with its own timeline, owners and documents. The sample below is a typical sequence for a first senior unsecured bond. Your banks and counsel set the real dates.

  1. Step 1

    Preparation

    Peer set, maturity profile, financing need and internal approval.

  2. Step 2

    Mandate

    Banks and counsel chosen by you and invited as users.

  3. Step 3

    Documents

    Offering document drafts, rating materials and the data room.

  4. Step 4

    Investor calls

    Debt investor meetings scheduled, briefed and logged.

  5. Step 5

    Pricing

    Banks run the book. You track feedback in the workspace.

  6. Step 6

    Settlement

    Offering archived with its log. Investors stay in the CRM.

Every step has an owner and a due date, with reminders. Documents go through the same approval chain as equity announcements, and every investor call is logged with attendees and materials shared, which matters for issuers with listed equity under Regulation FD or MAR.

Before each investor call, Copilot drafts a credit brief rather than an equity one: the investor's mandate and rating band, the bonds of yours or your peers it holds where filings show it, leverage and interest cover from your latest 10-Q or annual report, and the questions credit investors asked on previous calls. The data room for the deal uses the same NDA click-through, watermark and per investor analytics as an equity raise.

03 Debt investors

A debt investor list kept between deals, not rebuilt for each one

Debt investors are a different audience from equity holders. Credit funds care about leverage and covenants, insurers about duration and rating, pension funds about long dated income. A treasurer who meets them only when a deal is live starts from zero every time.

Issuers keeps them in the CRM by type, with the bonds they hold where public filings show it, the tenors and rating bands they buy, and every conversation. Shortlists for a new deal come from investor targeting, and ongoing relationship work is described under bond investor relations.

04 Refinancing window

See the refinancing window coming instead of reacting to it

The best time to refinance is rarely the month before a bond matures. The workspace shows your maturity profile next to where peers trade, so the treasury team and the CFO can discuss timing with data in front of them: how spreads for similar issuers moved over the last quarters, which peers came to market recently, and how much runway is left before the next maturity.

Copilot drafts a short memo for the board or the finance committee from that data, with every figure sourced. It describes the situation and options. The decision, and the choice of banks, stay with you.

2029

Next maturity in the sample profile, 400M USD senior notes.

+168 bp

Sample spread of the outstanding bond against the peer range shown above.

5

Active offerings on Public, 25 on Enterprise, 1 on Growth.

05 Compared

How the treasury side of a bond is usually run, and what changes

Issuers does not replace your banks, your terminal or your counsel. It replaces the spreadsheets and inbox threads the treasury team uses to keep track of everything around them.

A first-time or occasional bond issuer starts on Growth, with one active offering, investor targeting, 2,500 CRM contacts and two data rooms. Regular issuers use Public, which adds debt comparables, peer intelligence, the disclosure workflow and five active offerings. Groups with several issuing entities or bond programmes use Enterprise. Yearly billing saves 50 percent on every plan.

Issuers compared with spreadsheets and bank materials for bond issuance work
WorkSpreadsheets and bank decksIssuers
Comparable bondsCopied from decks, datedUpdated daily, source on each figure
Debt investor listRebuilt per deal from bank listsKept in the CRM between deals
Issue timelineShared calendar, email remindersOwners, due dates and reminders per step
Documents for investorsEmail attachmentsData room with per investor analytics
Investor call recordPersonal notesLogged with attendees and materials
Book and pricingBanksBanks. Issuers does not sell or place bonds
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Questions

Questions issuers ask before they start

What does bond issuance software do?
Bond issuance software supports the issuer side of a debt deal: understanding where comparable bonds trade, deciding when to come to market, building a list of debt investors, preparing materials, running the investor calls and keeping a record of every contact. Banks run the book and the pricing. The treasurer still needs a clear view before the mandate and a place to manage relationships between deals. Issuers keeps debt comparables, the issue timeline, the debt investor list, the data room and the call log in one offering workspace that stays with you after the bond settles.
How do we find debt investors for a bond issue?
Start with who already holds your debt or debt of similar issuers, then widen by mandate. Issuers builds a shortlist of credit funds, insurers, pension funds and asset managers from public filings and your own history, scored by sector, rating band, tenor and ticket size, with each reason shown and sourced. The same scoring that serves equity raises is described under investor targeting. Shortlisted investors become CRM records, so meetings and calls before the deal are logged and briefed like any other investor contact.
Can we track comparable bond pricing?
Yes, on the Public and Enterprise plans. You define a peer set of issuers and bonds, and the debt comparables table shows coupon, maturity, yield, spread and rating for each, with the source and date of every figure. Bond terms come from public offering documents and filings, and prices come from licensed market data shown with its source. Changes in yield and spread are tracked over time, so the treasury team can see whether the gap to peers is widening before talking to banks. Equity multiples and analyst coverage sit next to the debt comparables in the same module.
Does Issuers sell or place bonds?
No. Issuers is software for issuers. It is not a broker dealer, placement agent, underwriter, intermediary or investment adviser. It does not sell, place or underwrite bonds, does not run the order book, does not set pricing and gives no investment advice. Your banks and counsel handle the transaction and the documentation, and you decide which investors to meet and what to share with them. The workspace organizes the issuer side of that work and keeps a log of every contact for your own records and for disclosure review.

Related

Related tools in the same workspace

Prepare your next bond with the investors already mapped

Growth covers a first bond with one active offering, debt investor targeting and the CRM from $499 a month billed yearly. Regular issuers use Public for debt comparables and five active offerings.

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