We are consistently ranked number-one Agent on Liability Management transactions, both by value and number of deals.
Who are we?
With the increase in sovereign debt restructuring and recent changes to LIBOR and other IBORs, our debt team are well placed to support debt projects.
With the experience gained from working on more bond liability management transactions than any other agent and being the only independent agent with execution teams in London, New York and Hong Kong, we deliver insightful solutions and advice regarding transaction mechanics and execution.
D.F. King Ltd., an Orient Capital company, provides comprehensive execution services in connection with secondary market bond transactions, including tender and exchange offers, consent solicitations, bondholder identification and meetings, as well as complex debt restructurings.
We help issuers and their advisors navigate identifying, reaching and communicating with bond investors.
Our direct, real-time links to the international clearing systems and expertise in their procedures and settlements processes help to facilitate a smooth and efficient execution of even complex transactions.
We have executed campaigns globally for corporate and non-corporate issuers ranging from small to mega cap across all sectors as well as municipal, regional and sovereign debt.
The key to success of our clients’ transactions is our unmatched relationships with custodians and investors, with whom we are in continuous contact.
Through our “round the globe” support, clients have our most experienced team members on call as needed in both London, and Hong Kong as well as New York.
Our services can be tailored to meet your requirements. These include:
We track ownership of a bond, drilling down the custody chain to the beneficial owner, investment manager or private bank, gathering investor details, including domicile and holdings information – through ‘Full scope ID’s, ‘Under the radar’ IDs and SEC prescribed ‘look-throughs’
Deal structure management
We advise on clearing system procedures to help develop effective strategies to yield maximum investor participation and provide practical solutions for document distribution and restrictions or eligibility
D.F. King has long-standing relationships with the clearing systems, custodian banks and brokers. We reach out to all known holders to ensure timely receipt and comprehension of transaction materials, providing dedicated project microsites to house all documents and a (toll-free) helpline for banks/investors. We provide continuous assistance and support to the market, answering questions and maximising timely and accurate submission of instructions.
Tender, Exchange & Tabulation Agent
Our direct links with the clearing systems via SWIFT and ATOP mean that we can receive, process and tabulate investors’ instructions in real time and as such are able to provide regular progress updates on participation to the working group. We act as a proxy, voting on behalf of investors according to their instructions at bondholder meetings. Upon settlement we manage the markdown, issuance of new proceeds and distribution of cash. A full end to end service provider.
Why are we different from our competitors?
Our highly regarded team contains longstanding industry professionals with over 100 years’ related experience between them.
They have an excellent track record in ensuring the best outcome for their clients and are consistently ranked #1 Agent on Liability Management transactions, both by value and number of deals.
D.F. King have the largest global database and investor out-reach capabilities in the market and working with D.F. King typically secures the best possible outcome for our clients transactions.
Our expertise means we can deliver well-designed and targeted campaigns to improve the holders understanding of issues, gauge investor sentiment and increase voting participation.
We call this the DFK Standard.
Visit our D.F. King and Orient Capital websites or contact us to find out more.