PFX Major Project Bonds | Pre-registration

Project Finance Exchange (PFX) Bonds align the global insurance, institutional and private capital markets to create a deeply liquid capital pool for the global $multi-trillion major projects market. Investors can now benefit directly from investing in hard, tangible, revenue generating energy, infrastructure, hospitality and other major project assets worldwide.

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.  

While traditional corporate bonds are grounded largely in market and financial forecasts, PFX Bonds are grounded in fully underwritten contractual certainties.  PFX Bonds are a secure and stable enhancement to any fixed income portfolio.

For capital raising projects (Issuers), PFX Bonds overcome the opacity of the current fragmented market reliant on time-consuming and costly structured finance, with a more traditional bond market built around long established project finance protocols.  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.

Coupon/Interest Rate
The interest rate on PFX Bonds is based on the minimum 'A' rating which automatically transfers to the bond from the insurance Wrap underwriters, all rated 'A' or better by AM Best, Fitch, Moody's and S&P.  The Issuing Agent has discretion of 50 to 250 additional basis points dependent on the value, market sector, location and anticipated socio-economic impact of the project the Bond is financing.

From this page you can go forward to pre-register, free, as a PFX Bond Issuer (Projects), Issuing & Fiduciary Agent (Agent) or Subscriber (Investor).  If you register as an Agent (investment banks. private debt/equity funds etc) you will have the option to add yourself to the Subscriber (investor) register where retail investors can find you.

The PFX Bond market is structured around three key roles.

1. Subscribers (Investors)
Opportunities include energy, infrastructure, hospitality, healthcare, agriculture, transport & distribution and all other key sectors. Most will deliver environmental and socio-economic impacts 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 seven and 15 years, but sometimes longer.  For wealth/asset managers, you have the option of a listing in the PFX Bond Advisors Directory 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 in qualifying jurisdictions 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 & 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 and the fiduciary management responsibilities inherent to issuing bonds.  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 'Agents' zone.

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

Issuer (Projects) | Agent (Issuance & Fiduciary) | Subscriber (Investor) | Media