What is a Lead Manager?

The lead manager is also called the international coordinator, which refers to the most important intermediary between the issuer and the investor in the international bond issuance ^[1] .

Lead manager

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The lead manager is also known as the international coordinator.

The role of lead manager is critical to a successful release. It organizes and manages the entire process of the release and functions in the following areas:

(1) Make recommendations to the issuer on the timing and timing of the market;

(2) assist in rating work;

(3) Organizing market marketing and underwriting team strategies;

(4) Responsible for all primary market issuances and manage all issuance processes;

(5) Provide secondary market support for bond trading after listing.

The first is to analyze the issuer's financial and credit status, predict the possibility of the bond market accepting the bonds and the acceptable amount of issuance, and collect the financial community and investors' feedback on bond issuance;

The second is to recommend the best issue conditions to the issuer;

The third is to determine the basic conditions such as the amount, cost, term, and time of bond issuance;

The fourth is to organize underwriting syndicates and sales agency groups, and arrange the underwriting shares of various regions worldwide;

Fifth, assist the issuer in preparing bond prospectus and other recruitment documents;

Sixth, prepare and sign underwriting agreements, distribution agreements and other legal documents;

Seventh, on behalf of the issuer, negotiate with various investment institutions and promote bonds in accordance with the rules;

Eighth, contact the securities regulatory authorities, stock exchanges and other groups on behalf of the issuer;

Ninth, organize the bond underwriting, underwriting and information disclosure.