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Planning. Commitment. Execution.

We have extensive experience of debt capital markets, clearing systems and the information technology requirements involved with communicating the needs of issuers to their bondholders.

Lucid Issuer Services provides clear, coherent solutions for issuers of debt securities globally.

Liability Management Transactions

Assist legal counsel with drafting of the offer/consent documentation.

Act as information agent and as the central point of contact for all investors and intermediaries.

Organise and oversee settlement.

Provide a dedicated online platform to distribute documentation and collect instructions.

Communicate terms of the event to back office personnel at all major custodians and brokers.

Co-ordinate the delivery of new securities and cash to investors.

Arrange newspaper and stock exchange publications.

Collect instructions and report regularly on information flow and take-up to the working group.

Prepare all necessary certificates and confirmations for trustees, agents and depositaries.

Inform and interact with clearing systems.

Assist in the calculation of settlement amounts.

Arrange mark-down/cancellation or transfer of securities accepted in the event.

Debt Restructurings & Schemes of Arrangement

Assist legal counsel with the restructuring mechanics and drafting of any documentation.

Act as information agent and as the central point of contact for all investors and intermediaries.

Authenticate all claims made by investors via the clearing systems.

Conduct a bondholder identification exercise in advance of the launch of the restructuring.

Communicate terms of the restructuring to back office personnel at major custodians and brokers.

Calculate entitlements in accordance with the restructuring.

Manage and co-ordinate any lock-up process on behalf of the client and any ad hoc committee.

Provide a secure online facility for investors to submit paperwork.

Supply investors with a detailed breakdown of consideration due to them on the settlement date.

Arrange newspaper and stock exchange publications.

Tabulate and process investor feedback.

Act as sole point of information and contact for any settlement issues from investors.

Provide a dedicated online platform to distribute documentation.

Proactively support the restructuring effort by chasing down inactive investors.

Provide holding period services post settlement to distribute any unclaimed entitlements.

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Pro-active & Bespoke.

Lucid takes a pro-active, bespoke approach, comprehensively supporting issuers to promote maximum participation in any transaction. Our experience with consent solicitations, tender and exchange offers, bondholder identification and communications, complex Schemes of Arrangement and consensual restructurings helps our clients overcome the many barriers to successful Issuer initiatives.

How can we help you?
Tankerton Works, 12 Argyle Walk, London, WC1H 8HA.
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