Capital Markets Services
What We Arrange
Debt Capital Markets
We structure and place corporate bonds, project bonds, and structured notes for issuers seeking to raise fixed-income capital from institutional investors. Our debt capital markets desk covers investment-grade and sub-investment-grade issuances across multiple currencies and jurisdictions.
Equity Placement
Our equity placement team connects growth-stage and expansion-stage businesses with institutional equity investors seeking direct investment opportunities. We manage the full process from investor targeting and information memorandum preparation through to subscription and close.
Structured Finance Advisory
For transactions that require a blended capital structure, combining senior debt, mezzanine, equity, and risk mitigation instruments, our structured finance advisory team designs solutions that optimise cost of capital while meeting lender and investor requirements.
Mandate and Structuring
We begin by agreeing a mandate with the issuer, understanding their objectives, timeline, and cost of capital constraints. Our structuring team then prepares a proposed transaction structure, including the instrument type, tenor, pricing range, and covenant package, benchmarked against comparable market transactions.
Documentation and Marketing
Once the structure is agreed, we prepare the information memorandum, investor presentation, and legal documentation in coordination with the issuer's legal counsel. Our investor relations team identifies and approaches institutional investors from our curated database of fund managers, insurance companies, pension funds, and family offices with demonstrated appetite for the relevant instrument.
Bookbuilding and Allocation
We run an accelerated bookbuilding or private placement process, collecting investor indications of interest and managing the allocation process to maximise demand while meeting the issuer's placement objectives. We provide real-time feedback to the issuer throughout the bookbuilding period to enable dynamic pricing decisions.
Closing and Settlement
On agreement of final terms and pricing, we coordinate the legal close process, including condition precedent satisfaction, document execution, and settlement mechanics. Our team remains available post-close to manage any investor queries, ongoing reporting obligations, or secondary market liquidity requests.
Why Work With Us
Our Capital Markets Edge
Institutional Investor Access
Our investor database spans over 200 institutional counterparties across 25 countries, including development finance institutions, sovereign wealth funds, regional banks, insurance companies, and specialist credit funds. This breadth of access gives issuers the best possible chance of achieving full subscription at competitive pricing.
Sector Expertise
Our capital markets team has direct experience in the sectors most relevant to emerging and frontier market issuers, infrastructure, energy, agribusiness, and financial services. This sectoral depth allows us to anticipate investor questions, frame the investment case compellingly, and manage the due diligence process efficiently.
End-to-End Execution
We do not hand transactions off between teams. The same professionals who structure a transaction see it through to close. This continuity reduces execution risk, maintains relationship integrity with investors, and gives the issuer a single point of accountability throughout the lifecycle of the transaction.
FAQ
Common Questions
What instrument types does Polinvest arrange?
We arrange a broad range of capital markets instruments including senior secured notes, subordinated bonds, convertible instruments, preference shares, and hybrid securities. We also arrange project finance notes and asset-backed securities where the underlying cash flows support a rated or unrated issuance.
What is the minimum transaction size for a capital markets mandate?
We typically target capital markets transactions of USD 10 million and above. Below this threshold, a direct bilateral facility or private loan is generally more cost-effective than a fully structured capital markets transaction. We are happy to advise on the most appropriate financing route for smaller requirements.
How does Polinvest handle cross-border transactions?
Many of our transactions involve issuers in one jurisdiction raising capital from investors in another. Our team has experience navigating the regulatory, legal, and tax considerations involved in cross-border transactions and works with specialist local counsel in each relevant jurisdiction to ensure full compliance with applicable rules.
Can Polinvest provide a fairness opinion or valuation?
Our advisory practice can provide independent structuring opinions and benchmarking analysis. For formal fairness opinions or certified valuations, we work alongside our network of specialist valuation partners.
Capital Markets in Practice
What Institutional Capital Markets Look Like Today
The capital markets landscape for emerging market issuers has changed significantly over the past decade. A broader universe of institutional investors now considers emerging market credits, including ESG-focused funds, development finance institutions actively co-investing alongside private capital, and specialist credit managers with deep sectoral expertise. This expansion of the investor base has improved pricing and increased the availability of capital, but it has also raised the bar for transaction quality. Issuers must present more complete information, more rigorous financial analysis, and more credible governance standards than were required a decade ago.
Polinvest positions itself as a specialist in this more demanding environment. Our transaction preparation process is designed to the institutional standard that today's investors expect. We prepare information memoranda that are genuinely informative, not marketing documents dressed up as analysis, and we facilitate due diligence processes that are thorough and well-organised. When investors come to our deals, they know they can expect quality inputs that allow them to make informed investment decisions efficiently.
The sectors we cover in our capital markets practice reflect our broader investment focus: infrastructure, agribusiness, manufacturing, technology, and financial services in emerging and frontier markets. These sectors share characteristics, capital intensity, long asset lives, and genuine development impact, that make them particularly well-suited to capital markets instruments. A well-structured project bond or corporate note in these sectors can attract a diverse investor base with differing risk appetites, from development finance institutions seeking impact alongside return to pure commercial investors seeking yield.
Polinvest Capital
Submit Your Project Today
New, existing, and stalled projects are all considered. Our team reviews every submission and responds within five business days.
All projects considered
New, existing, or stalled, we evaluate every submission on merit.
5-day response commitment
Our origination desk responds to every submission within five business days.
$500M– $3.5B available
Active capital across syndicated, project finance, equity, and infrastructure facilities.