§ 29

Issuer Onboarding

A simple 5-step view of your bond-issuance readiness.

Issuer master record (JSON)

{
  "identification": {
    "org_number": "556712-3456",
    "legal_form": "AB",
    "jurisdiction": "SE"
  },
  "financials": {
    "revenue_3y_sek": [
      82000000,
      96000000,
      118000000
    ],
    "revenue_ltm_sek": 124000000,
    "ebitda_sek": 22000000,
    "ebitda_margin_pct": 17.7,
    "operating_cash_flow_sek": 18500000,
    "net_debt_sek": 41000000,
    "leverage_ratio": 1.86,
    "interest_bearing_debt_sek": 55000000,
    "existing_security_packages": [
      {
        "id": "SEC-001",
        "type": "RECEIVABLES",
        "coverage_ratio": 1.25
      },
      {
        "id": "SEC-002",
        "type": "IP_PLEDGE",
        "coverage_ratio": 1.4
      }
    ],
    "customer_concentration_top5_pct": 38,
    "recurring_revenue_share_pct": 64,
    "cash_flow_volatility": 0.22,
    "bank_relationships": [
      {
        "bank": "SEB",
        "facility_sek": 35000000,
        "covenants": [
          "leverage<=3.0",
          "icr>=2.0"
        ],
        "collateral": [
          "receivables"
        ]
      }
    ]
  },
  "governance": {
    "ownership_top10": [
      {
        "name": "Founders Holding AB",
        "pct": 62
      },
      {
        "name": "Almi Invest",
        "pct": 18
      }
    ],
    "owner_capital_willingness": "demonstrated"
  },
  "legal_capacity": {
    "articles_permits_security": true,
    "articles_permits_bond_issuance": true
  },
  "ip": {
    "inventory": [
      {
        "id": "IP-001",
        "kind": "patent",
        "jurisdiction": "SE",
        "pledgeable": true,
        "registration_status": "registered"
      },
      {
        "id": "IP-002",
        "kind": "software",
        "jurisdiction": "SE",
        "pledgeable": true,
        "registration_status": "registered"
      }
    ],
    "risk_score": 42
  },
  "operational": {
    "customer_churn_pct": 6,
    "customer_growth_pct": 18,
    "pipeline_value_sek": 48000000,
    "avg_contract_length_months": 24,
    "supplier_concentration_top5_pct": 22,
    "collateral_valuation_frequency": "quarterly"
  },
  "adverse": {
    "sanctions_risk": "clear",
    "systemic_risk_score": 28,
    "esg_risk_profile": {
      "environmental": "low",
      "social": "low",
      "governance": "low",
      "score": 78
    }
  }
}

Data coverage

72%

of issuer record populated

Evidence depth

audit references

Schema completeness

57/248

datapoints (16 categories)

Issuer health

Readiness42/100

Based on 248 datapoints across 16 categories.

Risk strength72/100

Inverse of systemic risk — higher means more resilient.

Structure fit30/100

Match between your profile and the bond market's expectations.

Governance fit55/100

How well the company can meet investor demands and reporting.

Step 1 of 5

Are you ready to issue a bond?

Readiness score (0–100)

Readiness is scored from 248 datapoints across 16 categories.

Business type: IP
Issue to fix: [LEGAL] No bond trustee appointed.
Condition: [IP] Establish escrow with independent agent.

Step 2 of 5

What did the deep check find?

Due diligence score

Issues we found in your documents that you may need to fix.

Blocker: No bond trustee appointed.
Watch: No software / IP escrow arrangement.
Recommendation: NOT_READY

Step 3 of 5

What kind of bond fits your business?

17 MSEK

Suggested bond size

Match between your profile and what the bond market expects.

Time to maturity: 25 months
Assets backing the loan: 4 package(s)
Rules that protect investors: 5 terms

Step 4 of 5

What needs your attention?

Priority actions

How well the company can handle investor demands and reporting.

BLOCKER: [LEGAL] No bond trustee appointed.
Top trigger: [LEGAL] No bond trustee appointed.
Reporting plan: 3 scheduled deliveries

Step 5 of 5

What happens next?

30 min

Estimated time to a complete onboarding run

The concrete sequence to move from screening to a live bond.

Fix 1 blocker(s)
Adjust structure with your advisor
Generate investor and trustee documents

Issuer timeline

Day 0
ScreeningAction
Due DiligenceAction
StructureAction
GovernanceAction
Day 1
DocumentsWatch
Ready for investorsWatch

BondGovernance · Issuer Readiness Certificate

556712-3456

Jurisdiction SE · Reference date 2026-06-28

Certificate ID

BG-CERT-556712-3456-20260628

Hash BCA30CDB

Issuer readiness

Not ready

Scored from 248 datapoints across 16 categories · IP.

Risk profile

Readiness

42/100

Based on 248 datapoints across 16 categories.

Risk strength

72/100

Inverse of systemic risk — higher means more resilient.

Top finding

No bond trustee appointed.

Structure proposal

Suggested size

17 MSEK

Tenor

25 months

Security package

4 package(s)

Covenants

5 term(s)

Governance setup

Priority actions

Blockers

Conditions

Reporting plan

3 deliveries / 90d

Timeline to investable

Day 0ScreeningAction
Day 0Due DiligenceAction
Day 0StructureAction
Day 0GovernanceAction
Day 1DocumentsWatch
Day 1Ready for investorsWatch

Confidence indicators

Data coverage

72%

of issuer record populated

Evidence depth

audit references behind this certificate

Schema completeness

57/248

datapoints across 16 categories