New York – April 30, 2013 – Ipreo Debtdomain, the global leader in web-based systems for loan syndication, secondary sales and agency, today announced that Commerzbank has completed its implementation of Debtdomain Syndicated Loans. Debtdomain is now being used for primary syndication including Schuldschein (German bonds), secondary deal sites as well as Syndicated Loans’ Investor CRM globally.
Debtdomain’s functionality matched to its actively managed dataset impressed Commerzbank. Debtdomain makes it easy to search, enter and share investor call notes with sales staff able to choose whether to share notes on deals with joint bookrunners or internal teams. All notes are automatically logged in the Syndicated Loans’ internal CRM without double entry. Debtdomain’s joint-book data model allows Commerzbank to utlilise the largest and most accurate investor information available with a minimum of effort.
The global service agreement was signed after successful completion of Commerzbank’s IT security and legal compliance processes in Frankfurt and London.
The Bank has loan sales and syndicate staff in London, Frankfurt, New York and Hong Kong. On-site training has been delivered to all teams.
“We are pleased to be working with Commerzbank. Throughout our training, there have been high levels of engagement and enthusiasm from all the teams. We look forward to continuing to build on this relationship in the future,” said Sean Tai, EVP and Managing Director, Ipreo Debtdomain.
About Ipreo Debtdomain
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently, maximizing time and resources. Ipreo is the only financial services provider to offer solutions to all participants across all asset classes for the Loan Syndication, Fixed Income, Municipal and Equity markets. Ipreo is a KKR portfolio company with more than 650 employees supporting clients in every major financial center around the world.
Debtdomain is a web-based system for managing the loan syndication process from pitch to agency. The solution covers deal setup, pipeline reporting, sole and joint bookrunning, and secure document distribution. Debtdomain also offers an investor CRM tool powered by a database of over 250,000 contacts, and integrated with bookrunning and deal sites. Debtdomain is used by over 150 leading loan market arrangers and agents.
Today, of those EMEA syndicated loans bookrunners that have deployed a syndication platform, bookrunners representing over 95% of that volume have implemented Debtdomain Syndicated Loans (based on 2012 Thomson Reuters League table).
Commerzbank is a leading bank in Germany and Poland. It is also present worldwide in all major markets for its customers as a partner to the business world. In total, Commerzbank boasts nearly 1 million business and corporate clients. In 2012, it generated revenues of just under EUR 10 billion with approximately 56,000 employees.
Commerzbank has a strong track record as bookrunner of syndicated loans. According to Thomson Reuters, it completed 131 syndicated loans in EMEA in 2012, the second highest number of deals of any bank for a volume of $81.4 billion.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications