Banks should find the fixed-income new-issue process much simpler from May when the International Primary Markets Association launches its long-awaited bookbuilding network.
But the full benefits of the system will come at a hefty price – an annual fee of £100,000. Many of the firms committed to this project have already paid in advance of the launch. Others will wait to see how it works before they contribute.
Ipma Match will help syndicate banks in Europe during pot deals by giving each investor a unique ID.
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