Domestic Syndications : Background Note

This background note is intended to assist debt management offices (DMOs) in assessing whether a bond placement scheme combining auctions and syndications is an appropriate strategy in their markets and, if so, to assist them in designing the corresponding procedures.

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Bibliographic Details
Main Author: World Bank Group
Format: Working Paper biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2015-05
Subjects:CAPITAL GAIN, AUCTION, BOND INDICES, AUCTION SYSTEM, CAPITAL MARKETS, HOLDING, BORROWER, BASIS POINTS, PROFIT OPPORTUNITY, LIABILITY, DERIVATIVES MARKETS, CHECKS, MARKET DISTORTIONS, PUBLIC DEBT MANAGERS, BOND PRICE, SECONDARY MARKET PRICES, FOREIGN INVESTORS, MARKET DEVELOPMENTS, FUND MANAGERS, REPO, INTEREST, INSTITUTIONAL INVESTORS, INTERNATIONAL SECURITY, GUARANTEES, EXCHANGE, HEDGE FUNDS, TREASURIES, ISSUANCES, SETTLEMENT PROCEDURE, LIQUIDITY, DEBT MANAGEMENT, INVESTOR DEMAND, DOMESTIC MARKET, TYPE OF INVESTOR, SETTLEMENT PROCEDURES, PORTFOLIO, BENCHMARK MATURITIES, FOREIGN EXCHANGE RISK, BONDS, BENCHMARK BOND, BORROWERS, LIQUIDITY PREMIUM, DEBT ISSUANCE, GOVERNMENT BOND, RESERVE, LEVEL PLAYING FIELD, INVESTOR BASE, CENTRAL BANKS, MATURE MARKETS, INFLATION, INTERNATIONAL BANK, PENSION, INSTRUMENTS, DEBT INTEREST, CREDIBILITY, PRICE DISCOVERY, MARKET PARTICIPANTS, CENTRAL BANK, FLOATING-RATE NOTE, MATURITY, DEBT ISSUES, MARKET LIQUIDITY, DERIVATIVES, BOND INVESTORS, PUBLIC DEBT MANAGER, CURRENCY, BOND ISSUES, MARKET DEVELOPMENT, SECURITIES MARKET, MARKET-MAKING, PRIMARY MARKET, MARKET PRACTICE, BUYBACK, MARKET MAKERS, BOND ISSUANCE, TRADING, PRIMARY DEALERS, REPO MARKETS, INTERNATIONAL BOND, EMERGING MARKET, MARKET MECHANISM, FINANCIAL INSTITUTIONS, MARKETS, DEBT, MARKET MAKER, BOND ISSUE, SETTLEMENT, PUBLIC DEBT MANAGEMENT, SECONDARY MARKET LIQUIDITY, RESERVES, TYPE OF INVESTORS, PENSION FUNDS, GOVERNMENT SECURITIES MARKETS, BENCHMARK BONDS, BANK FINANCING, FINANCE, FOREIGN CURRENCY, GOVERNMENT SECURITIES MARKET, COMPETITIVE AUCTIONS, GOVERNMENT SECURITIES, TRANSACTIONS, AUCTIONS, EMERGING MARKETS, TRANSACTION, SECURITIES MARKETS, INVESTORS, BOND MARKETS, GOOD, GLOBAL BOND, UNIFORM PRICE, INVESTOR INTEREST, DOMESTIC MARKETS, TRANSPARENCY, BOND AUCTION, GOVERNMENT BOND MARKETS, TRANCHE, PRIVATE PLACEMENT, MARKET CONDITIONS, MARKET PRICES, FUTURE, SECONDARY MARKETS, LOCAL MARKET, FOREIGN INVESTMENT, EXCHANGES, UNIFORM PRICE AUCTION, FINANCIAL INSTRUMENTS, FINANCIAL INSTRUMENT, PRICE STABILITY, COUNTRY CREDIT, ISSUANCE, BIDS, PRICE FORMATION, MARKET, LOCAL CURRENCY, CREDIT RATING, FOREIGN EXCHANGE, MARKET RISK, LIQUID SECONDARY MARKET, DOMESTIC SECURITIES, SECURITIES, PUBLIC DEBT, TREASURY, HOLDINGS, INSURANCE, GOVERNMENT DEBT, DEBT MARKET, INVESTOR, BUYBACKS, MARKET SHARE, SECURITY, PRIMARY DEALER, FINANCIAL MARKET, LIQUID MARKET, INVESTMENT, PRIMARY DEALER SYSTEMS, BOND, SHARE, BALANCE SHEETS, INDEXED BOND, COUPON, BID, BONDHOLDERS, DEBT MARKET DEVELOPMENT, EXTERNAL DEBT, PROFIT, OUTSTANDING AMOUNT, LENDING, CHECK, GLOBAL FINANCE, MARKET PRACTICES, MATURITIES, LONG-TERM INVESTORS, INSURANCE COMPANIES, INSTRUMENT, LIABILITY MANAGEMENT, ARBITRAGE, SECONDARY MARKET, GOVERNMENT ACCOUNTS, HEDGE, INTERNATIONAL INVESTORS, INTERNATIONAL BANKS, GUARANTEE, OLD BOND, SWAP, PORTFOLIO MANAGEMENT, ASSET MANAGERS, INVESTMENT RISK,
Online Access:http://documents.worldbank.org/curated/en/2016/03/26122356/domestic-syndications-background-note
http://hdl.handle.net/10986/24087
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spelling dig-okr-10986240872021-04-23T14:04:19Z Domestic Syndications : Background Note World Bank Group CAPITAL GAIN AUCTION BOND INDICES AUCTION SYSTEM CAPITAL MARKETS HOLDING BORROWER BASIS POINTS PROFIT OPPORTUNITY LIABILITY DERIVATIVES MARKETS CHECKS MARKET DISTORTIONS PUBLIC DEBT MANAGERS BOND PRICE SECONDARY MARKET PRICES FOREIGN INVESTORS MARKET DEVELOPMENTS FUND MANAGERS REPO INTEREST INSTITUTIONAL INVESTORS INTERNATIONAL SECURITY GUARANTEES EXCHANGE HEDGE FUNDS TREASURIES ISSUANCES SETTLEMENT PROCEDURE LIQUIDITY DEBT MANAGEMENT INVESTOR DEMAND DOMESTIC MARKET TYPE OF INVESTOR SETTLEMENT PROCEDURES PORTFOLIO BENCHMARK MATURITIES FOREIGN EXCHANGE RISK BONDS BENCHMARK BOND BORROWERS LIQUIDITY PREMIUM DEBT ISSUANCE GOVERNMENT BOND RESERVE LEVEL PLAYING FIELD INVESTOR BASE CENTRAL BANKS MATURE MARKETS INFLATION INTERNATIONAL BANK PENSION INSTRUMENTS DEBT INTEREST CREDIBILITY PRICE DISCOVERY MARKET PARTICIPANTS CENTRAL BANK FLOATING-RATE NOTE MATURITY DEBT ISSUES MARKET LIQUIDITY DERIVATIVES BOND INVESTORS PUBLIC DEBT MANAGER CURRENCY BOND ISSUES MARKET DEVELOPMENT SECURITIES MARKET MARKET-MAKING PRIMARY MARKET MARKET PRACTICE BUYBACK MARKET MAKERS BOND ISSUANCE TRADING PRIMARY DEALERS REPO MARKETS INTERNATIONAL BOND EMERGING MARKET MARKET MECHANISM FINANCIAL INSTITUTIONS MARKETS DEBT MARKET MAKER BOND ISSUE SETTLEMENT PUBLIC DEBT MANAGEMENT SECONDARY MARKET LIQUIDITY RESERVES TYPE OF INVESTORS PENSION FUNDS GOVERNMENT SECURITIES MARKETS BENCHMARK BONDS BANK FINANCING FINANCE FOREIGN CURRENCY GOVERNMENT SECURITIES MARKET COMPETITIVE AUCTIONS GOVERNMENT SECURITIES TRANSACTIONS AUCTIONS EMERGING MARKETS TRANSACTION SECURITIES MARKETS INVESTORS BOND MARKETS GOOD GLOBAL BOND UNIFORM PRICE INVESTOR INTEREST DOMESTIC MARKETS TRANSPARENCY BOND AUCTION GOVERNMENT BOND MARKETS TRANCHE PRIVATE PLACEMENT MARKET CONDITIONS MARKET PRICES FUTURE SECONDARY MARKETS LOCAL MARKET FOREIGN INVESTMENT EXCHANGES UNIFORM PRICE AUCTION FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENT PRICE STABILITY COUNTRY CREDIT ISSUANCE BIDS PRICE FORMATION MARKET LOCAL CURRENCY CREDIT RATING FOREIGN EXCHANGE MARKET RISK LIQUID SECONDARY MARKET DOMESTIC SECURITIES SECURITIES PUBLIC DEBT TREASURY HOLDINGS INSURANCE GOVERNMENT DEBT DEBT MARKET INVESTOR BUYBACKS MARKET SHARE SECURITY PRIMARY DEALER FINANCIAL MARKET LIQUID MARKET INVESTMENT PRIMARY DEALER SYSTEMS BOND SHARE BALANCE SHEETS INDEXED BOND COUPON BID BONDHOLDERS DEBT MARKET DEVELOPMENT EXTERNAL DEBT PROFIT OUTSTANDING AMOUNT LENDING CHECK GLOBAL FINANCE MARKET PRACTICES MATURITIES LONG-TERM INVESTORS INSURANCE COMPANIES INSTRUMENT LIABILITY MANAGEMENT ARBITRAGE SECONDARY MARKET GOVERNMENT ACCOUNTS HEDGE INTERNATIONAL INVESTORS INTERNATIONAL BANKS GUARANTEE OLD BOND SWAP PORTFOLIO MANAGEMENT ASSET MANAGERS INVESTMENT RISK This background note is intended to assist debt management offices (DMOs) in assessing whether a bond placement scheme combining auctions and syndications is an appropriate strategy in their markets and, if so, to assist them in designing the corresponding procedures. 2016-04-19T16:49:03Z 2016-04-19T16:49:03Z 2015-05 Working Paper http://documents.worldbank.org/curated/en/2016/03/26122356/domestic-syndications-background-note http://hdl.handle.net/10986/24087 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic CAPITAL GAIN
AUCTION
BOND INDICES
AUCTION SYSTEM
CAPITAL MARKETS
HOLDING
BORROWER
BASIS POINTS
PROFIT OPPORTUNITY
LIABILITY
DERIVATIVES MARKETS
CHECKS
MARKET DISTORTIONS
PUBLIC DEBT MANAGERS
BOND PRICE
SECONDARY MARKET PRICES
FOREIGN INVESTORS
MARKET DEVELOPMENTS
FUND MANAGERS
REPO
INTEREST
INSTITUTIONAL INVESTORS
INTERNATIONAL SECURITY
GUARANTEES
EXCHANGE
HEDGE FUNDS
TREASURIES
ISSUANCES
SETTLEMENT PROCEDURE
LIQUIDITY
DEBT MANAGEMENT
INVESTOR DEMAND
DOMESTIC MARKET
TYPE OF INVESTOR
SETTLEMENT PROCEDURES
PORTFOLIO
BENCHMARK MATURITIES
FOREIGN EXCHANGE RISK
BONDS
BENCHMARK BOND
BORROWERS
LIQUIDITY PREMIUM
DEBT ISSUANCE
GOVERNMENT BOND
RESERVE
LEVEL PLAYING FIELD
INVESTOR BASE
CENTRAL BANKS
MATURE MARKETS
INFLATION
INTERNATIONAL BANK
PENSION
INSTRUMENTS
DEBT INTEREST
CREDIBILITY
PRICE DISCOVERY
MARKET PARTICIPANTS
CENTRAL BANK
FLOATING-RATE NOTE
MATURITY
DEBT ISSUES
MARKET LIQUIDITY
DERIVATIVES
BOND INVESTORS
PUBLIC DEBT MANAGER
CURRENCY
BOND ISSUES
MARKET DEVELOPMENT
SECURITIES MARKET
MARKET-MAKING
PRIMARY MARKET
MARKET PRACTICE
BUYBACK
MARKET MAKERS
BOND ISSUANCE
TRADING
PRIMARY DEALERS
REPO MARKETS
INTERNATIONAL BOND
EMERGING MARKET
MARKET MECHANISM
FINANCIAL INSTITUTIONS
MARKETS
DEBT
MARKET MAKER
BOND ISSUE
SETTLEMENT
PUBLIC DEBT MANAGEMENT
SECONDARY MARKET LIQUIDITY
RESERVES
TYPE OF INVESTORS
PENSION FUNDS
GOVERNMENT SECURITIES MARKETS
BENCHMARK BONDS
BANK FINANCING
FINANCE
FOREIGN CURRENCY
GOVERNMENT SECURITIES MARKET
COMPETITIVE AUCTIONS
GOVERNMENT SECURITIES
TRANSACTIONS
AUCTIONS
EMERGING MARKETS
TRANSACTION
SECURITIES MARKETS
INVESTORS
BOND MARKETS
GOOD
GLOBAL BOND
UNIFORM PRICE
INVESTOR INTEREST
DOMESTIC MARKETS
TRANSPARENCY
BOND AUCTION
GOVERNMENT BOND MARKETS
TRANCHE
PRIVATE PLACEMENT
MARKET CONDITIONS
MARKET PRICES
FUTURE
SECONDARY MARKETS
LOCAL MARKET
FOREIGN INVESTMENT
EXCHANGES
UNIFORM PRICE AUCTION
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENT
PRICE STABILITY
COUNTRY CREDIT
ISSUANCE
BIDS
PRICE FORMATION
MARKET
LOCAL CURRENCY
CREDIT RATING
FOREIGN EXCHANGE
MARKET RISK
LIQUID SECONDARY MARKET
DOMESTIC SECURITIES
SECURITIES
PUBLIC DEBT
TREASURY
HOLDINGS
INSURANCE
GOVERNMENT DEBT
DEBT MARKET
INVESTOR
BUYBACKS
MARKET SHARE
SECURITY
PRIMARY DEALER
FINANCIAL MARKET
LIQUID MARKET
INVESTMENT
PRIMARY DEALER SYSTEMS
BOND
SHARE
BALANCE SHEETS
INDEXED BOND
COUPON
BID
BONDHOLDERS
DEBT MARKET DEVELOPMENT
EXTERNAL DEBT
PROFIT
OUTSTANDING AMOUNT
LENDING
CHECK
GLOBAL FINANCE
MARKET PRACTICES
MATURITIES
LONG-TERM INVESTORS
INSURANCE COMPANIES
INSTRUMENT
LIABILITY MANAGEMENT
ARBITRAGE
SECONDARY MARKET
GOVERNMENT ACCOUNTS
HEDGE
INTERNATIONAL INVESTORS
INTERNATIONAL BANKS
GUARANTEE
OLD BOND
SWAP
PORTFOLIO MANAGEMENT
ASSET MANAGERS
INVESTMENT RISK
CAPITAL GAIN
AUCTION
BOND INDICES
AUCTION SYSTEM
CAPITAL MARKETS
HOLDING
BORROWER
BASIS POINTS
PROFIT OPPORTUNITY
LIABILITY
DERIVATIVES MARKETS
CHECKS
MARKET DISTORTIONS
PUBLIC DEBT MANAGERS
BOND PRICE
SECONDARY MARKET PRICES
FOREIGN INVESTORS
MARKET DEVELOPMENTS
FUND MANAGERS
REPO
INTEREST
INSTITUTIONAL INVESTORS
INTERNATIONAL SECURITY
GUARANTEES
EXCHANGE
HEDGE FUNDS
TREASURIES
ISSUANCES
SETTLEMENT PROCEDURE
LIQUIDITY
DEBT MANAGEMENT
INVESTOR DEMAND
DOMESTIC MARKET
TYPE OF INVESTOR
SETTLEMENT PROCEDURES
PORTFOLIO
BENCHMARK MATURITIES
FOREIGN EXCHANGE RISK
BONDS
BENCHMARK BOND
BORROWERS
LIQUIDITY PREMIUM
DEBT ISSUANCE
GOVERNMENT BOND
RESERVE
LEVEL PLAYING FIELD
INVESTOR BASE
CENTRAL BANKS
MATURE MARKETS
INFLATION
INTERNATIONAL BANK
PENSION
INSTRUMENTS
DEBT INTEREST
CREDIBILITY
PRICE DISCOVERY
MARKET PARTICIPANTS
CENTRAL BANK
FLOATING-RATE NOTE
MATURITY
DEBT ISSUES
MARKET LIQUIDITY
DERIVATIVES
BOND INVESTORS
PUBLIC DEBT MANAGER
CURRENCY
BOND ISSUES
MARKET DEVELOPMENT
SECURITIES MARKET
MARKET-MAKING
PRIMARY MARKET
MARKET PRACTICE
BUYBACK
MARKET MAKERS
BOND ISSUANCE
TRADING
PRIMARY DEALERS
REPO MARKETS
INTERNATIONAL BOND
EMERGING MARKET
MARKET MECHANISM
FINANCIAL INSTITUTIONS
MARKETS
DEBT
MARKET MAKER
BOND ISSUE
SETTLEMENT
PUBLIC DEBT MANAGEMENT
SECONDARY MARKET LIQUIDITY
RESERVES
TYPE OF INVESTORS
PENSION FUNDS
GOVERNMENT SECURITIES MARKETS
BENCHMARK BONDS
BANK FINANCING
FINANCE
FOREIGN CURRENCY
GOVERNMENT SECURITIES MARKET
COMPETITIVE AUCTIONS
GOVERNMENT SECURITIES
TRANSACTIONS
AUCTIONS
EMERGING MARKETS
TRANSACTION
SECURITIES MARKETS
INVESTORS
BOND MARKETS
GOOD
GLOBAL BOND
UNIFORM PRICE
INVESTOR INTEREST
DOMESTIC MARKETS
TRANSPARENCY
BOND AUCTION
GOVERNMENT BOND MARKETS
TRANCHE
PRIVATE PLACEMENT
MARKET CONDITIONS
MARKET PRICES
FUTURE
SECONDARY MARKETS
LOCAL MARKET
FOREIGN INVESTMENT
EXCHANGES
UNIFORM PRICE AUCTION
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENT
PRICE STABILITY
COUNTRY CREDIT
ISSUANCE
BIDS
PRICE FORMATION
MARKET
LOCAL CURRENCY
CREDIT RATING
FOREIGN EXCHANGE
MARKET RISK
LIQUID SECONDARY MARKET
DOMESTIC SECURITIES
SECURITIES
PUBLIC DEBT
TREASURY
HOLDINGS
INSURANCE
GOVERNMENT DEBT
DEBT MARKET
INVESTOR
BUYBACKS
MARKET SHARE
SECURITY
PRIMARY DEALER
FINANCIAL MARKET
LIQUID MARKET
INVESTMENT
PRIMARY DEALER SYSTEMS
BOND
SHARE
BALANCE SHEETS
INDEXED BOND
COUPON
BID
BONDHOLDERS
DEBT MARKET DEVELOPMENT
EXTERNAL DEBT
PROFIT
OUTSTANDING AMOUNT
LENDING
CHECK
GLOBAL FINANCE
MARKET PRACTICES
MATURITIES
LONG-TERM INVESTORS
INSURANCE COMPANIES
INSTRUMENT
LIABILITY MANAGEMENT
ARBITRAGE
SECONDARY MARKET
GOVERNMENT ACCOUNTS
HEDGE
INTERNATIONAL INVESTORS
INTERNATIONAL BANKS
GUARANTEE
OLD BOND
SWAP
PORTFOLIO MANAGEMENT
ASSET MANAGERS
INVESTMENT RISK
spellingShingle CAPITAL GAIN
AUCTION
BOND INDICES
AUCTION SYSTEM
CAPITAL MARKETS
HOLDING
BORROWER
BASIS POINTS
PROFIT OPPORTUNITY
LIABILITY
DERIVATIVES MARKETS
CHECKS
MARKET DISTORTIONS
PUBLIC DEBT MANAGERS
BOND PRICE
SECONDARY MARKET PRICES
FOREIGN INVESTORS
MARKET DEVELOPMENTS
FUND MANAGERS
REPO
INTEREST
INSTITUTIONAL INVESTORS
INTERNATIONAL SECURITY
GUARANTEES
EXCHANGE
HEDGE FUNDS
TREASURIES
ISSUANCES
SETTLEMENT PROCEDURE
LIQUIDITY
DEBT MANAGEMENT
INVESTOR DEMAND
DOMESTIC MARKET
TYPE OF INVESTOR
SETTLEMENT PROCEDURES
PORTFOLIO
BENCHMARK MATURITIES
FOREIGN EXCHANGE RISK
BONDS
BENCHMARK BOND
BORROWERS
LIQUIDITY PREMIUM
DEBT ISSUANCE
GOVERNMENT BOND
RESERVE
LEVEL PLAYING FIELD
INVESTOR BASE
CENTRAL BANKS
MATURE MARKETS
INFLATION
INTERNATIONAL BANK
PENSION
INSTRUMENTS
DEBT INTEREST
CREDIBILITY
PRICE DISCOVERY
MARKET PARTICIPANTS
CENTRAL BANK
FLOATING-RATE NOTE
MATURITY
DEBT ISSUES
MARKET LIQUIDITY
DERIVATIVES
BOND INVESTORS
PUBLIC DEBT MANAGER
CURRENCY
BOND ISSUES
MARKET DEVELOPMENT
SECURITIES MARKET
MARKET-MAKING
PRIMARY MARKET
MARKET PRACTICE
BUYBACK
MARKET MAKERS
BOND ISSUANCE
TRADING
PRIMARY DEALERS
REPO MARKETS
INTERNATIONAL BOND
EMERGING MARKET
MARKET MECHANISM
FINANCIAL INSTITUTIONS
MARKETS
DEBT
MARKET MAKER
BOND ISSUE
SETTLEMENT
PUBLIC DEBT MANAGEMENT
SECONDARY MARKET LIQUIDITY
RESERVES
TYPE OF INVESTORS
PENSION FUNDS
GOVERNMENT SECURITIES MARKETS
BENCHMARK BONDS
BANK FINANCING
FINANCE
FOREIGN CURRENCY
GOVERNMENT SECURITIES MARKET
COMPETITIVE AUCTIONS
GOVERNMENT SECURITIES
TRANSACTIONS
AUCTIONS
EMERGING MARKETS
TRANSACTION
SECURITIES MARKETS
INVESTORS
BOND MARKETS
GOOD
GLOBAL BOND
UNIFORM PRICE
INVESTOR INTEREST
DOMESTIC MARKETS
TRANSPARENCY
BOND AUCTION
GOVERNMENT BOND MARKETS
TRANCHE
PRIVATE PLACEMENT
MARKET CONDITIONS
MARKET PRICES
FUTURE
SECONDARY MARKETS
LOCAL MARKET
FOREIGN INVESTMENT
EXCHANGES
UNIFORM PRICE AUCTION
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENT
PRICE STABILITY
COUNTRY CREDIT
ISSUANCE
BIDS
PRICE FORMATION
MARKET
LOCAL CURRENCY
CREDIT RATING
FOREIGN EXCHANGE
MARKET RISK
LIQUID SECONDARY MARKET
DOMESTIC SECURITIES
SECURITIES
PUBLIC DEBT
TREASURY
HOLDINGS
INSURANCE
GOVERNMENT DEBT
DEBT MARKET
INVESTOR
BUYBACKS
MARKET SHARE
SECURITY
PRIMARY DEALER
FINANCIAL MARKET
LIQUID MARKET
INVESTMENT
PRIMARY DEALER SYSTEMS
BOND
SHARE
BALANCE SHEETS
INDEXED BOND
COUPON
BID
BONDHOLDERS
DEBT MARKET DEVELOPMENT
EXTERNAL DEBT
PROFIT
OUTSTANDING AMOUNT
LENDING
CHECK
GLOBAL FINANCE
MARKET PRACTICES
MATURITIES
LONG-TERM INVESTORS
INSURANCE COMPANIES
INSTRUMENT
LIABILITY MANAGEMENT
ARBITRAGE
SECONDARY MARKET
GOVERNMENT ACCOUNTS
HEDGE
INTERNATIONAL INVESTORS
INTERNATIONAL BANKS
GUARANTEE
OLD BOND
SWAP
PORTFOLIO MANAGEMENT
ASSET MANAGERS
INVESTMENT RISK
CAPITAL GAIN
AUCTION
BOND INDICES
AUCTION SYSTEM
CAPITAL MARKETS
HOLDING
BORROWER
BASIS POINTS
PROFIT OPPORTUNITY
LIABILITY
DERIVATIVES MARKETS
CHECKS
MARKET DISTORTIONS
PUBLIC DEBT MANAGERS
BOND PRICE
SECONDARY MARKET PRICES
FOREIGN INVESTORS
MARKET DEVELOPMENTS
FUND MANAGERS
REPO
INTEREST
INSTITUTIONAL INVESTORS
INTERNATIONAL SECURITY
GUARANTEES
EXCHANGE
HEDGE FUNDS
TREASURIES
ISSUANCES
SETTLEMENT PROCEDURE
LIQUIDITY
DEBT MANAGEMENT
INVESTOR DEMAND
DOMESTIC MARKET
TYPE OF INVESTOR
SETTLEMENT PROCEDURES
PORTFOLIO
BENCHMARK MATURITIES
FOREIGN EXCHANGE RISK
BONDS
BENCHMARK BOND
BORROWERS
LIQUIDITY PREMIUM
DEBT ISSUANCE
GOVERNMENT BOND
RESERVE
LEVEL PLAYING FIELD
INVESTOR BASE
CENTRAL BANKS
MATURE MARKETS
INFLATION
INTERNATIONAL BANK
PENSION
INSTRUMENTS
DEBT INTEREST
CREDIBILITY
PRICE DISCOVERY
MARKET PARTICIPANTS
CENTRAL BANK
FLOATING-RATE NOTE
MATURITY
DEBT ISSUES
MARKET LIQUIDITY
DERIVATIVES
BOND INVESTORS
PUBLIC DEBT MANAGER
CURRENCY
BOND ISSUES
MARKET DEVELOPMENT
SECURITIES MARKET
MARKET-MAKING
PRIMARY MARKET
MARKET PRACTICE
BUYBACK
MARKET MAKERS
BOND ISSUANCE
TRADING
PRIMARY DEALERS
REPO MARKETS
INTERNATIONAL BOND
EMERGING MARKET
MARKET MECHANISM
FINANCIAL INSTITUTIONS
MARKETS
DEBT
MARKET MAKER
BOND ISSUE
SETTLEMENT
PUBLIC DEBT MANAGEMENT
SECONDARY MARKET LIQUIDITY
RESERVES
TYPE OF INVESTORS
PENSION FUNDS
GOVERNMENT SECURITIES MARKETS
BENCHMARK BONDS
BANK FINANCING
FINANCE
FOREIGN CURRENCY
GOVERNMENT SECURITIES MARKET
COMPETITIVE AUCTIONS
GOVERNMENT SECURITIES
TRANSACTIONS
AUCTIONS
EMERGING MARKETS
TRANSACTION
SECURITIES MARKETS
INVESTORS
BOND MARKETS
GOOD
GLOBAL BOND
UNIFORM PRICE
INVESTOR INTEREST
DOMESTIC MARKETS
TRANSPARENCY
BOND AUCTION
GOVERNMENT BOND MARKETS
TRANCHE
PRIVATE PLACEMENT
MARKET CONDITIONS
MARKET PRICES
FUTURE
SECONDARY MARKETS
LOCAL MARKET
FOREIGN INVESTMENT
EXCHANGES
UNIFORM PRICE AUCTION
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENT
PRICE STABILITY
COUNTRY CREDIT
ISSUANCE
BIDS
PRICE FORMATION
MARKET
LOCAL CURRENCY
CREDIT RATING
FOREIGN EXCHANGE
MARKET RISK
LIQUID SECONDARY MARKET
DOMESTIC SECURITIES
SECURITIES
PUBLIC DEBT
TREASURY
HOLDINGS
INSURANCE
GOVERNMENT DEBT
DEBT MARKET
INVESTOR
BUYBACKS
MARKET SHARE
SECURITY
PRIMARY DEALER
FINANCIAL MARKET
LIQUID MARKET
INVESTMENT
PRIMARY DEALER SYSTEMS
BOND
SHARE
BALANCE SHEETS
INDEXED BOND
COUPON
BID
BONDHOLDERS
DEBT MARKET DEVELOPMENT
EXTERNAL DEBT
PROFIT
OUTSTANDING AMOUNT
LENDING
CHECK
GLOBAL FINANCE
MARKET PRACTICES
MATURITIES
LONG-TERM INVESTORS
INSURANCE COMPANIES
INSTRUMENT
LIABILITY MANAGEMENT
ARBITRAGE
SECONDARY MARKET
GOVERNMENT ACCOUNTS
HEDGE
INTERNATIONAL INVESTORS
INTERNATIONAL BANKS
GUARANTEE
OLD BOND
SWAP
PORTFOLIO MANAGEMENT
ASSET MANAGERS
INVESTMENT RISK
World Bank Group
Domestic Syndications : Background Note
description This background note is intended to assist debt management offices (DMOs) in assessing whether a bond placement scheme combining auctions and syndications is an appropriate strategy in their markets and, if so, to assist them in designing the corresponding procedures.
format Working Paper
topic_facet CAPITAL GAIN
AUCTION
BOND INDICES
AUCTION SYSTEM
CAPITAL MARKETS
HOLDING
BORROWER
BASIS POINTS
PROFIT OPPORTUNITY
LIABILITY
DERIVATIVES MARKETS
CHECKS
MARKET DISTORTIONS
PUBLIC DEBT MANAGERS
BOND PRICE
SECONDARY MARKET PRICES
FOREIGN INVESTORS
MARKET DEVELOPMENTS
FUND MANAGERS
REPO
INTEREST
INSTITUTIONAL INVESTORS
INTERNATIONAL SECURITY
GUARANTEES
EXCHANGE
HEDGE FUNDS
TREASURIES
ISSUANCES
SETTLEMENT PROCEDURE
LIQUIDITY
DEBT MANAGEMENT
INVESTOR DEMAND
DOMESTIC MARKET
TYPE OF INVESTOR
SETTLEMENT PROCEDURES
PORTFOLIO
BENCHMARK MATURITIES
FOREIGN EXCHANGE RISK
BONDS
BENCHMARK BOND
BORROWERS
LIQUIDITY PREMIUM
DEBT ISSUANCE
GOVERNMENT BOND
RESERVE
LEVEL PLAYING FIELD
INVESTOR BASE
CENTRAL BANKS
MATURE MARKETS
INFLATION
INTERNATIONAL BANK
PENSION
INSTRUMENTS
DEBT INTEREST
CREDIBILITY
PRICE DISCOVERY
MARKET PARTICIPANTS
CENTRAL BANK
FLOATING-RATE NOTE
MATURITY
DEBT ISSUES
MARKET LIQUIDITY
DERIVATIVES
BOND INVESTORS
PUBLIC DEBT MANAGER
CURRENCY
BOND ISSUES
MARKET DEVELOPMENT
SECURITIES MARKET
MARKET-MAKING
PRIMARY MARKET
MARKET PRACTICE
BUYBACK
MARKET MAKERS
BOND ISSUANCE
TRADING
PRIMARY DEALERS
REPO MARKETS
INTERNATIONAL BOND
EMERGING MARKET
MARKET MECHANISM
FINANCIAL INSTITUTIONS
MARKETS
DEBT
MARKET MAKER
BOND ISSUE
SETTLEMENT
PUBLIC DEBT MANAGEMENT
SECONDARY MARKET LIQUIDITY
RESERVES
TYPE OF INVESTORS
PENSION FUNDS
GOVERNMENT SECURITIES MARKETS
BENCHMARK BONDS
BANK FINANCING
FINANCE
FOREIGN CURRENCY
GOVERNMENT SECURITIES MARKET
COMPETITIVE AUCTIONS
GOVERNMENT SECURITIES
TRANSACTIONS
AUCTIONS
EMERGING MARKETS
TRANSACTION
SECURITIES MARKETS
INVESTORS
BOND MARKETS
GOOD
GLOBAL BOND
UNIFORM PRICE
INVESTOR INTEREST
DOMESTIC MARKETS
TRANSPARENCY
BOND AUCTION
GOVERNMENT BOND MARKETS
TRANCHE
PRIVATE PLACEMENT
MARKET CONDITIONS
MARKET PRICES
FUTURE
SECONDARY MARKETS
LOCAL MARKET
FOREIGN INVESTMENT
EXCHANGES
UNIFORM PRICE AUCTION
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENT
PRICE STABILITY
COUNTRY CREDIT
ISSUANCE
BIDS
PRICE FORMATION
MARKET
LOCAL CURRENCY
CREDIT RATING
FOREIGN EXCHANGE
MARKET RISK
LIQUID SECONDARY MARKET
DOMESTIC SECURITIES
SECURITIES
PUBLIC DEBT
TREASURY
HOLDINGS
INSURANCE
GOVERNMENT DEBT
DEBT MARKET
INVESTOR
BUYBACKS
MARKET SHARE
SECURITY
PRIMARY DEALER
FINANCIAL MARKET
LIQUID MARKET
INVESTMENT
PRIMARY DEALER SYSTEMS
BOND
SHARE
BALANCE SHEETS
INDEXED BOND
COUPON
BID
BONDHOLDERS
DEBT MARKET DEVELOPMENT
EXTERNAL DEBT
PROFIT
OUTSTANDING AMOUNT
LENDING
CHECK
GLOBAL FINANCE
MARKET PRACTICES
MATURITIES
LONG-TERM INVESTORS
INSURANCE COMPANIES
INSTRUMENT
LIABILITY MANAGEMENT
ARBITRAGE
SECONDARY MARKET
GOVERNMENT ACCOUNTS
HEDGE
INTERNATIONAL INVESTORS
INTERNATIONAL BANKS
GUARANTEE
OLD BOND
SWAP
PORTFOLIO MANAGEMENT
ASSET MANAGERS
INVESTMENT RISK
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Domestic Syndications : Background Note
title_short Domestic Syndications : Background Note
title_full Domestic Syndications : Background Note
title_fullStr Domestic Syndications : Background Note
title_full_unstemmed Domestic Syndications : Background Note
title_sort domestic syndications : background note
publisher World Bank, Washington, DC
publishDate 2015-05
url http://documents.worldbank.org/curated/en/2016/03/26122356/domestic-syndications-background-note
http://hdl.handle.net/10986/24087
work_keys_str_mv AT worldbankgroup domesticsyndicationsbackgroundnote
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