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Lessons from Digitalising 90+ Issuance Programs
At Origin, we have been at the forefront of MTN programme digitalisation for over 5 years, having launched the first digital debt capital markets issuance platform and been involved in the first fully digital bond issuance in 2019. Since that time, Origin has been involved in over 1000 debt issuances using digitalised documents across 24 dealers.
This white paper covers a number of the lessons we’ve learned during this digitalising process. We share practical suggestions for issuers, arrangers, and counsel, who are looking to adapt issuance programmes to better enable automated debt issuance.
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Nationwide Building Society successfully completes inaugural digital covered bond issuance via Origin
Nationwide Building Society has successfully completed two private placement NOK covered bond transactions through the Origin platform. The issuer sent the admissions request to the London Stock Exchange using Origin’s new e-listing connection with the exchange.
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For the third year in a row, Origin Markets wins at the GlobalCapital Bond Awards
Origin Markets has won two awards: Best Technology Platform for the SSA Primary Bond Markets and Best Technology Platform for the FIG Primary Bond Markets.
We are humbled and honoured to be selected again, for the 3rd time in a row, by our clients and customers, as the technology platform that is adding the most value to the primary debt capital markets. This is a huge testament to the hard work, dedication, loyalty, and doggedness of our fantastic team, as well as the support and loyalty of our customers.
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MUFG Securities launches Origin Documentation for Equity-Linked Structured Products
MUFG Structured Solutions business has collaborated with Origin to achieve full automation of its equity-linked structured notes product offering. For Origin, this is the first entry into the high volume structured notes market with a fully API-driven solution.
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Bringing Simplicity to the Debt Capital Markets
Origin is a fully digital, front-to-back issuance platform for the global debt capital markets
Our Products
Marketplace
Our marketplace brings together investment banks and frequent borrowers from all over the world - helping issuers diversify their funding while helping dealers connect to more borrowers to grow their business.
Documentation
Whether it’s termsheets, final terms, accession letters, or more, we automate the production of any template document. Our technology can be applied across products and markets, including bonds, structured notes, and short term debt.
Post-Trade
Our open API allows anyone to read transactional data from our golden source of truth. We connect to paying agents, clearinghouses, stock exchanges, risk systems, and more, completely streamlining the post-trade process.
Latest News
Nationwide Building Society has successfully completed two private placement covered bond transactions, NOK 1bn (XS2674624379) and NOK 80mm (XS2674667774), through the Origin platform. These transactions mark the first covered bond issuances on Origin by Nationwide. All 10 of the transaction documents, including the Final Terms, were digitally drafted, reviewed, and signed on the platform.
Volvo Treasury AB, advised by a group of banks including active bookrunners Citi, ING, Mizuho and Societe Generale, has successfully issued a dual tranche €1bn benchmark Senior Unsecured bond in the first fully syndicated bond issuance on the Origin platform. This follows a private placement transaction already issued by Volvo via Origin.
MUFG and Origin have launched Origin Documentation solution for its Equity-linked Structured Notes product offering – achieving full automation and straight through processing.
Origin, the London-based fintech digitising debt capital markets, has launched Origin Extract to digitise any manually created bond termsheet, extracting structured data to automate and streamline the processes that depend on them.
Latest from our Blog
This week on the blog, Raja delves into the upcoming shift from T+2 to T+1 settlement in US equity trades and it’s various implications. In general, faster settlements can mitigate risks, while prompting anticipation of regulatory changes in Europe. In the meantime, Origin's product offering and solutions, are already poised to streamline processes and be an enabler for faster settlements. Despite market participants’ usual resistance to change, regulatory push will ultimately foster adaptation, and hopefully paving the way for new opportunities in the debt capital market as well. And we at Origin will look forward to helping our clients make the most of those opportunities.
In a pivotal move, the US House of Representatives voted to ban TikTok, signalling deep-seated concerns over data privacy and national security. Project Texas, TikTok's collaboration with Oracle, hasn't been able to assuage fears, and the proposed ban gives ByteDance six months to sell TikTok to a non-Chinese entity. This week on the blog, Raja reflects on the delicate balance between national security and global connectivity, in the face of a cautionary shift in the tech sector's trajectory. The repercussions could be profound for not only content creators and businesses, but also have large implications on the worrying trend of de-globalisation in recent years.
There was an interesting piece in the FT this week about how a group of cross-party MPs in the UK have encouraged the Treasury to do more to ensure that government debt is issued at the lowest possible cost to taxpayers.
Sounds sensible, but sensible is often far from simple, especially as this will likely be a record year for gilt sales and a general election is looming on the horizon. The caution also neatly illustrates the challenges facing many debt management offices the world over in 2024.
For someone familiar with both the UK and US housing markets, Perenna's long-term fixed-rate mortgage approach has probably captured their attention. Unlike the UK's short-term focus, Perenna offers stability reminiscent of the US's 30-year fixed-rate tradition. This week, Raja looks into Perenna’s approach to possibly reshape the UK mortgage scene, providing much-needed options, especially for first-time buyers. However, challenges in funding strategies and regulatory landscapes persist. Nonetheless, Perenna's vision ignites hope for a more accessible and equitable housing market in the UK.
Coming into 2024, we appear to be seeing a shift in focus for the tech giants of the world. This week on the blog, Raja explores a shift towards a more grounded approach in the tech and financial sectors, epitomised by Uber's unexpected annual operating profit. This marks a departure from its previous strategy of relentless growth at any cost, signalling a return to traditional methods. The trend extends beyond tech, with Barclays unveiling a strategy focused on profitability and returning cash to investors. While the importance of innovation can never be understated, companies are opting for a more balanced approach over the hype-driven ethos of the past decade.
As microchip stocks soar, propelled by stalwarts like Intel and rising stars like Nvidia, the global equity market buzzes with anticipation. This week on the blog, we dive into industry leaders such as Arm's IPO success and Nvidia's evolution, which exemplify the industry's trajectory, underpinned by AI demand. Despite bubble fears, the ongoing AI revolution suggests continued upside potential for chip companies, positioning them as crucial players in shaping future technology landscapes.