20
|
<45
|
US$125 mn
|
| Unique credits covered across 5 Asian countries |
days of turnaround time for the first phase of analytical output |
Raised from capital markets within the stipulated time |
Client
Singapore-based crowdfunding house focused on raising funds related to ‘impact investing’.
Opportunity
The client was looking to raise US$100 mn in credit for 20 Asian private companies via a funding exercise. As part of pitching these companies to end-investors, the client wanted to conduct a thorough research on the creditworthiness of the borrowers (especially the ones in the micro-finance, agriculture and renewables industries) and update it on a regular basis.
Solution
- Created a template in consultation with the client, considering various financial metrics, liquidity metrics, capital structure metrics and certain sectorspecific KPIs to analyse business health.
- Worked closely with the client to procure granular data of the borrowers’ business activities and financial condition in line with the agreed template.
- Arranged and analysed the unstructured financial information provided by the borrowers into a structured format, and applied required adjustments to calculate underlying key credit metrics.
- Prepared financial statement projections based on assumptions validated by fundamental research and inputs provided by borrowers.
- Prepared detailed reports on operating performance, variance of budget versus actual performance, creditworthiness, repayment ability, and covenant testing of the borrowers.
Value Delivered
- Updated and insightful research output that regularly assesses creditworthiness.
- High-quality and timely research enabled the client to raise US$125 mn versus the target of US$100 mn within the deadline.
