Investing February 15, 2001

New Bond Issue Portal Starts

February 15, 2001 (PLANSPONSOR.com) - A new internet service linking issuers of and customers for new bond offerings was launched today by six of Wall Street's leading securities firms.
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Partners in the new venture include Goldman Sachs, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley Dean Witter and Salomon Smith Barney and Communicator Inc. The new service, SyndicateHub, is part of a group which links dealers to over 8,000 institutional fixed income investors and money managers.

Users of the new service will be able to access each dealer’s e-syndicate site, a calendar of offerings, market updates, summaries of recent pricings and other new issue information, the company said.

SyndicateHub serves as a central point for bond customers and issuers to take advantage of the aggregate benefits of the syndicate, as well as the individual sites offered by each issuer. 

For instance, users can access Morgan Stanley Dean Witter’s new global issue platform that provides real-time co-mingled primary market information, as well as  Merrill’s new issue platform through a centralized portal.  Access is done via a single sign-on and authentication technology.

Once on the site, users will be able to access:

  • listed offerings from that dealer
  • red herrings and prospectuses
  • electronic road shows
  • facilities to submit indications of interest.

SyndicateHub is majority owned by the six dealers. Communicator Inc. operates SyndicateHub and the Bond.Hub service using its proprietary Thin Consortium Technology (TCT) designed to build stronger direct relationships between leading suppliers and their core customers, the company said in a press release.

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