PFX Major Project Bonds | Pre-registration

PFX (Project Finance Exchange) Bonds align the global insurance, institutional and private capital markets to create a deeply liquid capital reserve for the global $multi-trillion major projects market. For investors, it is now possible to invest in fully ‘A’-rated securitised energy, infrastructure, hospitality and other projects worldwide. 

For capital raising projects (Issuers), PFX Bonds overcome the opacity of the current fragmented and opaque project finance market with a fixed structure in its own capital market place.  Minimum bond issue value is $/€50m with an upper limit of $/€500m through our launch phase.  This will move to ‘No upper limit’ once all systems have bedded in.

From this page you can go forward to pre-register as a PFX Bond Issuer (Projects), Issuing & Fiduciary Agent (Agent) or Subscriber (Investor).  If you register as an Agent (consulting accountants, investment banks etc) you will have the option to add yourself to the Subscriber (investor) register.

At the initial stage there will be no trading in PFX Bonds.  This will be compensated by the 50 to 250 basis point 'lift' to interest rates.

We will notify you when we are ready to take your full registration, please see further pre-registration details in your relevant zone.

PFX Bonds Underwriting and Insurance Wrap (Wrap)
The project finance structure is unique in that investment is predicated on the track record and financial stability of whoever is contracted to buy the output from the built project, and not the assets or balance sheet of the borrower.  These same criteria apply to contractors, feedstock providers and all other counterparties to the project.  Unlike M&A, VC, Mezz or other structures, which are based on best-/worst-case forecasts, it is the contractual certainties in the project finance structure that enable PFX Bonds to be underwritten by insurers rated 'A' or better be AM Best, Standard & Poor's, Moody's and Fitch.  

The PFX Bond market is structured around three key roles.

1. Subscribers (Investors)
Opportunities include energy (O&G and renewables), infrastructure, hospitality, healthcare, agriculture, transport & distribution and all other key sectors. Most will deliver environmental and socio-economic benefits in developing countries, as well as mature economies. 

To be a Subscriber you must be registered with the financial regulator for your jurisdiction. PFX Bonds are fixed income with the term dependent on value, nature of the project and other factors, usually between five and 10 years, but sometimes longer.  For wealth/asset managers, you have the option of a free listing on the PFX site so that retail investors can quickly identify and contact you should they wish to build their own PFX Bond portfolio.

2. Issuers (Projects)
For those raising project finance, there is now a straightforward route to a genuine, global capital market for major projects, across all sectors worldwide. You will be able to identify your Issuing Agent, by location, from their listings on the site.  They will assist with developing your prospectus and data-room, as well as statutory and logistics matters in preparation for your listing and distributing your Bond offering to subscribers.   

3. Issuing and Fiduciary Agents (Agents)
The role of PFX Bond Agents is open to all established regulated financial service providers, preferably with experience in the unique project finance structure.  Issuers will be able to identify and submit their projects to you from your listing at the PFX site.  Further details for prospective Agents in the 'Agent' zone.

Thank you for pre-registering with the PFX major projects bond market.  Please select your pre-registration option:

Issuer (Projects) | Agents | Subscriber (Investor) | Media