How can a Financial Advisor help an issuer lower its borrowing costs?
There are various costs of issuance related to every bond and note sale. Typically a number of firms provide these services. A financial advisor can help keep these expenses low by independently requesting bids from each service provider. In some cases the services are fairly generic, therefore, it is a simple matter of the lowest bid getting the work. In other cases, for example, underwriters, the firms competing for the issuers business have varying capabilities. In such cases, detailed interviews are typically conducted to fully examine the attributes of each prior to making a final selection. In both cases, putting service providers in competition with one another always produces the best level of service in a cost effective manner.
