I. Milen Plc is a medium-sized company based in Slovenia. In order to raise finance, the company has decided to bring a bond issue to the Euromarkets. Advise the company on all of the following:

1) What are the main differences between an issue subject to a trust deed and one where a fiscal agency agreement is used.

2) What are the advantages of obtaining a London Stock Exchange listing?

II. "The international primary and secondary bond markets are fundamentally unregulated and only governed by private contracts".

Please discuss.