Overbond Ltd., an end-to-end Capital Markets platform for primary bond origination and fixed income deal execution, recently announced it has expanded real-time access to the Overbond Platform to all U.S. corporate issuers and institutional investors by extending key functionality via desktop and mobile applications for all operating systems. The company also reported that it has expanded its presence in the US with the opening of a New York office in Grand Central Tech.
Founded in 2015, Overbond stated that its fully-digital platform for primary bond issuance eliminates inefficiencies, provides higher transparency, optimal price discovery and investor diversification for all counterparties in the primary bond market. The company revealed:
“Overbond’s proprietary machine learning and powerful predictive analytics capabilities are now delivering real-time credit investment opportunities to investors via mobile and desktop applications and smart notification systems on both iOS and Android devices. The new mobile application distributes COBI (Corporate Bond Intelligence) Opportunities and has already delivered more than 3,000 credit investment opportunities. It will extend the service’s reach to 5,000 new U.S. based market participants to bring a new supply of bond issuance, creating much needed new liquidity in the corporate debt markets.”
Overbond noted that in order to support its expansion into the U.S. market, it has appointed a cross-border, senior Overbond Advisory Board that brings extensive expertise across all facets of capital markets, investment banking, and financial technology. Board members includes NYC-based Jamie Grant, Global Head of Fixed Income and Enterprise Market Data at Thomson Reuters; Grace Schalkwyk, CEO of Gramercy Digital Strategy Advisors; and Jose Luis Frias, Senior Corporate Finance and Debt Capital Markets Executive.