BDM Capital · Blog & News
The Financial Funding Blog
News and plain-English insight on raising capital, bonds, loan notes and IPOs, from BDM Capital. New articles every day.
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Scenario: a founder weighs a bank loan against a bond
Read the article →: Scenario: a founder weighs a bank loan against a bondAn illustrative scenario: a founder weighs a bank loan against a bond to fund expansion, and decides on cash timing, not headline rate.
Latest news & articles
Running a bond issue: what is involved
A loan from many investors on one set of terms. What has to be true first, the pieces of the transaction, and the obligations…
How investors value a pre-revenue company
At pre-revenue there is nothing to discount and no true comparable. What sets the number is the raise size, the evidence, and who else…
What does an introducer do, and how are they paid?
The honest version: what the role actually is, what it should cost, the six questions to ask, and the conflict worth naming out loud.
How much equity should you give away?
The percentage is not the decision, it is the output. What you actually decide is how much you need and what you can defend.
What goes in an information memorandum
The document an investor reads before deciding whether to take you seriously — and the section that reveals most about how a business is…
Debt or equity: which should you raise?
Debt costs money, equity costs ownership. One question settles which suits your business, and it is not the one most founders start with.
EIS in 2026: what the higher limits mean for growing companies
From April 2026 the EIS annual limit doubled to £10m (£20m for knowledge-intensive companies) and the gross assets test rose to £30m. What changed,…
Choosing where to list: main markets, growth markets and overseas exchanges
How to choose a stock exchange for an IPO: main markets vs growth markets, listing at home or abroad, dual listings, and the questions…
Refinancing company debt with a bond: when it works, and how
When refinancing expensive or short-term company debt with a bond makes sense, what it costs, how the process runs, and the mistakes that turn…
Convertible loan notes: how conversion works, and when to use one
How convertible loan notes work: the discount, valuation cap, trigger events and maturity terms, and when a convertible suits a raise better than debt…
About the author
Mark Johnson, Founder of BDM Capital. Twenty years raising debt and equity, from loan notes and bonds to IPOs.
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Topics
- Bonds (10)
- Company news (2)
- Documentation and diligence (7)
- IPOs (6)
- Loan notes (8)
- Raising capital (18)
- SEIS and EIS (7)
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