● Describe the process by which a newly issued corporate bond might make its way into a defined benefit pension plan’s externally managed portfolio, starting with the issuing company. Be sure to describe the questions the issuing company must answer about the characteristics of the proposed bond offering. Also discuss the timeline and role of the issuer, the role of the investment bank sponsor, broker/dealer, investment manager, and qualities of the bond that may be relevant to the defined pension plan investor buying the bond.