Test your knowledge

Solicit investor interest in the transaction, evaluate the level of demand in the order book, fine-tune the transaction pricing and allocate securities to selected investors.
Announce the transaction pricing in advance and allocate bonds on a first come, first served basis.
Negotiate the bond pricing with a small group of investors prior to announcing the transaction in the market-place, with the aim of increasing the initial size of the transaction.
Only one bank is able to execute debt instruments for an issuer off a programme.
Debt instruments are issued in the same form but under a different mechanism to a stand-alone debt issue.
A number of different issuers can execute debt instruments off the same MTN programme.
Duties of the mandate banks, as well as liability and indemnity
Features of the bond and the fee structure
The size and pricing details of the bond transaction
The difference between the yield on the underlying government benchmark and the yield on the equivalent secondary market comparable, at the time of pricing.
The difference between the yield on the equivalent secondary market comparable and the yield on the new issue bond, at the time of pricing.
The difference between the yield on the underlying government benchmark and the yield on the new issue bond, at the time of pricing.
By one bank only as other banks are restricted from participating.
Within a formal safe harbour.
No later than 3 days after issuance.

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