Investment bank Dresdner Kleinwort Wasserstein (DrKW) has launched eLoancoordinator, a proprietary Internet-based book building platform for the primary loan market.
DrKW says eLoancoordinator provides real-time deal information for borrowers and bookrunners as well as offering a document management platform for all parties.
Multiple bookrunners are able to build investor interest and capture and record investor dialogue. Borrowers are provided with individual investor overviews and a consolidation of interest in a syndication status report throughout the distribution process and on a real-time basis.
Bill Fish, head of global loan products at DrKW, says: "In the past 24 months, we have seen the loan market take on many characteristics of the bond market. This new platform will allow issuers in the primary loan market to benefit from similar technology to the bond markets by effectively providing a common market platform for issuers and bookrunners.
"ELoancoordinator is the missing jigsaw piece and will contribute significantly to enhancing transparency in the primary loan markets."