Online bonding

1 May 2018 By Christopher Thompson Follow @CGAThompson

Citi, JPMorgan and Bank of America will later this year roll out an online platform that will streamline the way in which companies issue bonds and help investors to compare credits. A successful launch could over time help these banks to shrink their sales and syndicate teams.

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JPMorgan, Bank of America and Citi are developing a new platform to overhaul the time-consuming bond issuance process and plan to launch it later this year, a person familiar with the discussions told Breakingviews. The news was reported by the Financial Times on March 25.

The three banks, which together arranged some $1.3 trillion of bond sales last year according to Thomson Reuters data, hope the online platform will streamline and simplify communication between underwriters and asset managers.

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