Debt Advisory Services for a leading Investment Holding Company
A leading investment holding company in Kuwait.
The Business Situation
The Client was raising US$500 million debt under its EMTN program and engaged PKC to assist in the same.
PKC's assistance was mainly in the following activities:
- Selection of Investment Banks: PKC was involved in the selection of investment banks by way of participation in beauty-parades, evaluation of proposals submitted by banks and providing market updates on the recent happenings.
- Documentation: Preparation of preliminary prospectus and other documents and co-ordination with auditors and legal counsel for documentation purpose.
- Due Diligence: Assisted in both business and legal due diligence along with preparation of data room, preparation of responses to the due diligence queries, etc.
- Road show: Preparation of road show presentation and off-site support by addressing investor queries.
Since then, PKC has also been involved in the establishment and annual update of the EMTN program.
The Value We Added
The services provided by PKC helped the client in successfully completing the issue. The deliverable provided by PKC was utilized at various stages of the debt issuance.