Bond Issuance
Akiri can assist you in the structuring and issuance of corporate bonds which often provide you with access to lower-cost debt
An Alternative Path to Debt Capital
Corporate bonds are a cost-effective debt option for established companies with a track record of profitable operations and the capacity to absorb a longer issuance process. Akiri prepares the offering documents, structures any credit enhancements to improve bond pricing, and supports execution through self-issuance, broker-dealer distribution, or a Reg A+ registration.
Are Bonds a Fit for You?
Bond issuance is not the right fit for every borrower. The structure rewards companies with operating history, predictable profitability, and the operational maturity to support institutional reporting standards; and it requires an upfront investment of time and capital that a traditional placement does not.
Asset-backed bond programs can work for earlier-stage issuers with strong collateral profiles even when profitable operating history is shorter.
Bond Lending Profile
- Operating history: 3-5 years
- Sustained profitability
- Monthly or quarterly financial reporting
- Senior lien (with a collateral manager for asset-backed)
- Upfront investment of $500k-$1M
- Timeline of 6-9 months
Tailored approach for each lending opportunity
No two businesses are identical. We customize our documentation to highlight your unique financial strengths and potential.
Ongoing guidance through the financing process
We stand beside you from initial preparation to final negotiation. Our expertise transforms complex financial challenges into clear pathways.
- Lower cost of borrowing: A well-structured bond program, supported by ratings and credit enhancements, reaches a deeper pool of institutional capital and prices below what private credit or specialty lenders typically offer.
- Term and covenant flexibility: Bond covenants are negotiated upfront prior to issuance. Once issued, the program operates with fewer of the constraints on usage that lender facilities often introduce, leaving you with predictable terms across the life of the bond.
- A capital markets relationship: A first issuance establishes you in the capital markets. You build the rating, the documentation framework, and the investor relationships that generally provide better terms and time to market for subsequent offerings.
Akiri prepares bond issuances across three offering pathways. The right pathway depends on the issuer’s investor relationships, the size of the program, and the regulatory framework that fits the offering.
Self-Issuance
For issuers with established institutional investor relationships and the operational infrastructure to run a direct program. Akiri prepares the offering documentation, manages the structuring and credit enhancement work, and supports placement without third-party distribution. This path produces the lowest distribution cost and is the strongest fit for repeat issuers and those with strong investor relationships.
Broker-Dealer Distribution
For first-time issuers, larger programs, and offerings targeting a broader institutional buyer base. Akiri prepares the broker-dealer offering memorandum and supports the issuer in selecting and engaging the right partner— calibrated to the broker-dealer’s mandate, sector strength, and investor reach. The added distribution cost is offset by access to a larger and more diversified pool of buyers.
Reg A+ Offering
Issuers using Reg A+ are using an expedited public offering to build a broader investor base, including non-institutional investors, under the qualification, reporting, and disclosure framework the SEC rules require. Akiri prepares the Reg A+ offering circular, manages the qualification process, and structures the program to balance the broader investor reach against the disclosure and ongoing reporting obligations the rule imposes.
What Akiri Prepares
A bond issuance produces two intersecting work streams: the offering documents that present the program to investors, and the credit enhancements that shape how the program is rated and received.
Offering Documents
- Broker-dealer offering memorandum
- Private issuance memorandum
- Private placement memorandum
- Reg A+ offering circular
Credit Enhancements
- Rating agency engagement
- Trade-credit insurance
- Risk transfer insurance
- Repayment guarantees
Ready to transform your credit journey?
Let's discuss how we can help you achieve your funding goals