Toronto-based Overbond launches latest bond issuance platform

Tuesday, January 31, 2017

Toronto-based financial technology start-up Overbond has announced the launch of a new service to allow corporates to issue bonds directly to investors via its electronic platform

Comment by: Anonymous. Posted 7 years ago [2017-02-01 16:00:12]

People have been trying to cut banks out of the syndication process for years. Anyone remember e-bonds?? Big buyers aren't going to trust an electronic process to give them the best allocation, and issuers are always going to be wary of alienating the banks.

Comment by: Anonymous. Posted 7 years ago [2017-02-01 15:36:11]

Interesting, I favor "digital progress" of this sort but I wonder who fills the investment banker role of due diligence and vetting of the bond issuer? In the U.S., SEC regs place a burden of diligence on the banker. That element seems absent here. (Or perhaps private deals don't have this formal burden for the banker anyway?)

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