Non-deal roadshow
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Capital - issuance - investors - roadshows.
(NDR).
In the context of capital issuance, a non-deal roadshow is a series of meetings between the senior management of an organisation, and potential future institutional investors, in which the organisation is not immediately issuing securities.
Rather, the purpose of the non-deal roadshow is to inform potential investors about the organisation's progress and plans.
One of the benefits of non-deal roadshows is to enable any future issuance to be made on a foundation of existing investor knowledge and potential interest, which may lead to a more rapid process when the time comes.
- BAT's bond issuance preparations
- "On 31 July 2023, after 18 months’ preparation including non-deal roadshows and internal stakeholder engagement, and following the release of BAT’s half-year results, the company launched a new USD benchmark five tranche transaction, ahead of an expected busy post-Labor Day issuance period."
- ACT Deals of the Year Awards 2023: Bonds above £750m winner.
See also
- Benchmark
- Capital market
- Deal
- Institutional investor
- Investment grade
- Investor relations
- Issuance
- Issue
- Issuer
- Roadshow
- Security
- Stakeholder
- Tranche
- Transaction
