back Back

agora completes a series of multilateral pilot syndicated bond trades

By Joy Dumasia

February 17, 2022

  • Agora
  • agora Digital Capital Markets
  • Capital Markets
Share

agora Digital Capital Markets announced the successful completion of a series of multilateral pilot sessions of its syndicated bond product, a critical step in the development of the first truly end-to-end digital workflow for fixed income products through the agoraPlatform. 

The sessions, held over the last eight months, were the largest of their kind, showing the workability and readiness of the product to handle the complex challenges faced in the primary market by the world’s leading global and regional issuers and investment banks. Fourteen investment banks representing more than half of the market as measured by the 2021 SSA BookRunners League Table 5 SSA issuers and a significant infrastructure provider participated in a series of test benchmark deals (USD and EUR) run simultaneously. 

The agoraPlatform enables seamless interaction during the pre-issuance and launch of a new bond issue, including pricing indications, mandate, deal management, party synchronisation and creation of a digital term sheet and final terms. The platform synchronises all parties in the value chain in real-time using distributed ledger technology. The resulting innovative tool for capital markets professionals at issuers and banks saves time and captures essential data in a confidential and secure environment. This information will be directly available to service providers who operate and manage the post-trade life of a bond. 

Charlie Berman, Co-Founder and CEO at agora, said: “The success of these multilateral sessions emphasises the benefits of creating a minimum viable ecosystem of users to kick-start true digitisation in the primary issuance arena. The significant and tangible benefits of a process-enhancing, time and cost-saving tool were evident to all participants. We have greatly benefited from their input and suggestions, and will continue working with issuers, banks, lawyers and other service providers as we head towards live bond transactions.”

Previous Article

February 17, 2022

Vantage to sponsor McLaren’s new electric offroad racing team

Read More
Next Article

February 17, 2022

Belgian Law enforcement agencies engage with Asset Reality and Digivault for crypto security management

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Agora

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 23, 2024

Vitesse secures $93m in Series C Funding to fuel US expansion

Read More

May 23, 2024

myTU launches Payouts API for businesses

Read More

May 22, 2024

Vietnam’s PVcomBank selects Temenos Digital on AWS to enable mobile banking

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023