ICMA’s work in the primary markets, in which new debt securities are issued to raise capital, is based on a strong legacy from the International Primary Market Association (IPMA), one of ICMA’s predecessor organisations. See introductory video (2:45 / 2014); Chris O’Malley podcasts Origins of the Eurobond market (26:54 / 2020) and Whatever Happened to Underwriting? (32:01 / 2021); and ICMA staff webinar DCM primary market practices in Asia-Pacific: an ICMA conversation (45:45 / 2021).

Primary market committees and other groups
Details of ICMA’s primary market committees and other related groups can be found on the ICMA councils & committees webpage: issuers, underwriters and investors.

ICMA Primary Market Handbook
Guidance and recommendations on the processes and documentation required for the issuance of international securities.

Other ICMA primary market documentation
Links to informal ICMA primary market documentation that is not included in the ICMA Primary Market Handbook.
Available to ICMA members only.

Primary market topics

Primary market training courses and events

Capital market segments

Primary market data

*Source: ICMA analysis using Bloomberg data


Email the primary markets team

Ruari Ewing

Senior Director, Market Practice and Regulatory Policy; secretary to the ICMA Primary Market Practices Committee (PMPC) and related groups.
Direct line: +44 20 7213 0316

Katie Kelly
Senior Director, Market Practice and Regulatory Policy; Secretary to the ICMA Public Sector Issuer Forum (PSIF), ICMA Financial Institution Issuer Forum (FIIF) and to the ICMA Corporate Issuer Forum (CIF).
Direct line: +44 20 7213 0331

Miriam Patterson
Senior Director, Market Practice and Regulatory Policy; secretary to the ICMA Legal and Documentation Committee (LDC)
Direct line: +44 20 7213 0321

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