Intercontinental Trade Will make Strategic Investment In BondLink | Company
4 min readATLANTA & NEW YORK–(Small business WIRE)–Might 19, 2021–
Intercontinental Exchange, Inc. (NYSE: ICE), a foremost world company of facts, technological know-how and industry infrastructure, right now introduced it has manufactured a strategic investment in BondLink, a financial know-how business that offers cloud-dependent debt administration computer software solutions to governments financing infrastructure in the $4 trillion municipal bond current market. The Sequence B investment decision is developed to accelerate BondLink’s advancement and merchandise advancement, which includes furnishing a wide variety of ICE’s market place-primary details sets to municipalities as they put together to situation bonds.
With somewhere around 75% of all general public infrastructure in the U.S. financed by area governments and community utilities, the municipal bond sector is essential to the nation’s economic progress, high quality of life and protection. It is also really wide with an believed 60,000 distinctive issuers, making it hard and opaque for bond buyers of all dimensions.
“With issuers distribute out throughout the U.S., the municipal bond industry continues to be quite fragmented, and is in want of transparency. Much better accessibility to details, facts and analytics are essential,” stated Lynn Martin, President of Fixed Earnings and Details Companies at ICE. “Our expenditure in BondLink and the distribution of ICE facts straight to the issuer neighborhood will supply municipalities with new tools to assistance successfully control the complete lifecycle of personal debt issuance.”
BondLink’s on line network connects municipal issuers with bond traders, advisors and other important sector members. Its issuer platform allows governments interact and draw in traders additional competently, using electronic channels to share financial experiences, bond financing information, and other facts in one central place. BondLink applications also aid issuers gauge equally marketplace situations and trader demand from customers as they prepare for a bond sale. These methods will be enhanced with the ICE investment decision, letting it to present its buyers with critical information these types of as desire fee yield curves, secondary industry buying and selling facts, variations in bond evaluations, and other analytics to assist advise their financial debt funding decisions.
“Technology is transforming the bond sector, and it’s offering the most significant impression for governments who are less than-resourced and require it the most,” stated Colin MacNaught, CEO & Co-Founder of BondLink. “We’re relocating the bond market place forward by performing with issuers to enable generate their bonds product sales, and our engineering brings value efficiencies and additional transparency to the market place. We are thrilled to perform with ICE and the ICE workforce. By supplying crucial current market info to issuers, they can much better regulate their bond courses and be a lot more ready as they finance new streets and bridges and educational facilities.”
The transaction will not be substance to ICE’s earnings or have an effect on capital allocation strategies.
About BondLink
Led by founders Colin MacNaught, CEO, and Carl Question, CTO, BondLink’s cloud-based mostly debt management software is the $4 trillion municipal bond market’s 1st thoroughly-built-in operating system for public sector CFOs to elevate cash from institutional and retail buyers. BondLink clients issued nearly $50 billion in 2020, and its community of issuers expands across a lot more than 30 states, as effectively as the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Headquartered in Boston, BondLink is backed by best buyers, together with Franklin Templeton Investments, one of the major municipal bond fund professionals in the state. For far more information and facts, be sure to take a look at www.bondlink.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 business that types, builds and operates electronic networks to join people to chance. We offer money know-how and information expert services throughout key asset classes that provide our shoppers accessibility to mission-crucial workflow applications that improve transparency and operational efficiencies. We work exchanges, such as the New York Inventory Trade, and clearing homes that help men and women devote, elevate money and take care of chance across numerous asset classes. Our extensive fastened income data providers and execution abilities offer facts, analytics and platforms that aid our shoppers capitalize on possibilities and work more efficiently. At ICE House loan Technologies, we are reworking and digitizing the U.S. household house loan system, from purchaser engagement by mortgage registration. With each other, we renovate, streamline and automate industries to link our buyers to option.
Trademarks of ICE and/or its affiliates consist of Intercontinental Trade, ICE, ICE block layout, NYSE and New York Stock Exchange. Info regarding supplemental emblems and mental property legal rights of Intercontinental Exchange, Inc. and/or its affiliates is situated right here. Critical Info Files for specific goods included by the EU Packaged Retail and Coverage-based mostly Financial commitment Goods Regulation can be accessed on the suitable exchange web-site beneath the heading “Key Facts Documents (Children).”
Harmless Harbor Assertion under the Personal Securities Litigation Reform Act of 1995 — Statements in this press launch regarding ICE’s business enterprise that are not historic specifics are “ahead-seeking statements” that include dangers and uncertainties. For a dialogue of added risks and uncertainties, which could result in actual success to differ from people contained in the forward-searching statements, see ICE’s Securities and Trade Fee (SEC) filings, together with, but not minimal to, the risk factors in ICE’s Once-a-year Report on Sort 10-K for the 12 months finished December 31, 2020, as submitted with the SEC on February 4, 2021.
Resource: Intercontinental Trade
ICE-CORP
See source model on businesswire.com:https://www.businesswire.com/information/home/20210519005278/en/
Call: ICE Media Call:
Damon Leavell
ICE Investor Make contact with:
Mary Caroline O’Neal
Search phrase: UNITED STATES NORTH The usa NEW YORK Ga
Business Key phrase: Professional Expert services FINANCE
Resource: Intercontinental Exchange
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PUB: 05/19/2021 08:30 AM/DISC: 05/19/2021 08:32 AM
Copyright Company Wire 2021.
