Debt Capital Markets · glossary
A letter from the auditors confirming that the figures in the Prospectus match the company’s accounts and records. The Managers cannot check the numbers themselves, so they rely on the people who audited them. Comfort letters are a condition of the subscription agreement. Chapter 9 · see Subscription agreement
Explained in Chapter 9, Bookbuilding, the Subscription Agreement and Closing through Euroclear and Clearstream, of Debt Capital Markets.
A comfort letter comes from the auditors. It confirms that the figures in the Prospectus match the company’s accounts and records. The Managers cannot check the numbers themselves, so they rely on the people who audited them.Read Chapter 9, Bookbuilding, the Subscription Agreement and Closing through Euroclear and Clearstream →
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