CDOs look to make above average returns by making leveraged investments in a portfolio of high yield bonds or leveraged loans. It is primarily funded with debt (multiple tranches in a waterfall structure, where each tranche has different risk and credit ratings). Securitization teams in investment banks will be responsible for
Month: December 2016
Why Do Investment Bankers Work So Much?
Do Investment Bankers Get Sick?
Introduction to Convertible Securities
Convertibles are a widely used but somewhat esoteric avenue of finance for most students. Although covered in upper level fixed income classes, very few students go into investment banking thinking that they want to work in equity-linked markets - everyone wants to do Mergers & Acquisitions or Technology, Media &
Financial Institutions Group in Canada
Canadian Financials Landscape Financial institutions are an extremely important component of corporate Canada. Financial institutions make up 20% of 25% of the market capitalization of the TSX. This does not consider the non-public entities that are active in the capital markets, with major issuers of debt including pension funds and government
Common Oil and Gas Investment Banking Interview Questions
Are you interviewing for oil and gas investment banking (or any other energy finance related job - corporate banking, commercial banking/reserve based lending, commodity sales, corporate development, treasury)? You should always expect these questions to come up. This guide assumes a basic understanding of energy – we will not be
Aiming for a Top Bucket Bonus as an Investment Banking Analyst
Investment Banking Credit Ratings Advisory
Credit Ratings for Blue-Chip Corporates Companies care about their credit ratings and may have certain targets. For instance, many companies have historically aimed to maintain an investment grade rating from at least one credit agency (BBB- for Standard and Poors or Baa3 for Moody’s). Blue-chip stocks that see widespread investor interest are