Yes, where the bonds, notes or underlying documents are governed by English law and the issuer or guarantor is overseas. Trust deeds, agency agreements and subscription agreements carry service of process clauses, and the process agent's letter of appointment is delivered as a signing or closing document.
Where the clause appears in capital markets documents
In a debt issuance the appointment typically appears in the trust deed or fiscal agency agreement and is repeated across related documents such as subscription agreements and deeds of guarantee, so that trustees, agents and investors all benefit from the same service route against the overseas issuer and any overseas guarantor. Programme documentation carries the appointment forward across drawdowns.
Programmes, standalones and multiple documents
A standalone issue may need a single appointment covering the document suite, while an MTN or similar programme wants cover matching the programme's life with updates as it renews. Tremark appointments name each covered document, with a second adding £30 and three or more adding £60, and fixed terms are available up to 30 years for long dated paper, paid once with nothing further due.
Fitting the closing timetable
Capital raising timetables are unforgiving, and the letter of appointment is a small document that can hold up a large closing. We confirm within 24 hours, and same day letters (£150, order forms before 2pm UK time) support pricing to closing gaps measured in days. Issuers, arrangers and counsel can reach the operations team at hello@tremarkprocessagents.com to run the appointment alongside the working group list.