Although different international bond issuance procedures are different (such as the Young-Key bonds and Samurai bonds introduced earlier), they generally include the following steps:
1. The issuer determines the principal officer and officer group.
2. The issuer shall express its intention to issue bonds through the principal officer to the government of the country where the bond is issued, and obtain the permission of the government of that country.
3. With the help of the chief executive, the issuer applies for a credit rating.
4. The issuer, through the chief executive, organizes the acquisition group and establishes a trustee agency, registration agency and payment agency.
5. The issuer discusses the basic conditions and main terms of the bond issuance with the group of officers headed by the chief officer.
6. The issuer formally submits a "Securities Declaration Form" to the government of the country where the issue is issued in a certain format.
7. The issuer signs various agreements with representatives of the offtake group, representatives of the trustee, representatives of the registration agency and representatives of the payment agent.
8. The issuer, through the acquisition group, submits a "bond prospectus" to investors to introduce and promote the bond.
9. The representative of the offtake group (usually the chief executive) organizes the underwriting group to underwrite the bonds, and each offtaker pays the offtake payment to the representative of the offtake group.
10. The representative of the offtake group will hand over the raised funds to the representative of the trustee institution in exchange for bonds, and then hand over the bonds to the offtaker.
11. Each offtaker sells the bonds to a wide range of investors.
12. Registration agencies accept bond registrations from investors.
13. The trustee representative transfers the bond funds to the issuer's account.
