What is a Revolving Loan?
Revolvers are some of the most common loan products available from commercial banking and corporate banking.
Most people are familiar with the concept of a regular loan. The borrower takes out a fixed amount of money (the loan principal) that must be paid off along with the
What are Covenants in a Loan Agreement or Bond Indenture?
In the most basic sense, a covenant is an agreement between two or more parties, where one party makes a solemn promise to refrain from or to engage in a specific activity.
In the banking (financial) world, a covenant in a formal
Investment Banking Request for Proposal
In the eternal quest for the next sale, the request for proposal (“RFP”) is a very important part of boosting the probability of a transaction where the investment banker gets paid.
A request for proposal is not unique to investment banking. These are fairly standard solicitations across
I used to know a socialite girl who worked at Holt Renfrew in Vancouver. As they have purchase allowances and because it is incumbent upon junior investment bankers to be immaculately dressed in no small part due to the toxic lifestyles endorsed by new finance Instagram accounts, I was happy
Our website name, which is the greatest ever, references the sell side. But what do financial professionals and bankers mean when they are referring to the “sell side” or “buy side”? It is a little confusing but here are some examples.
Case Study A: Asset Manager
Jonathan, a recent graduate who now
For most entry level investment banking spots, the summer internship is increasingly becoming a prerequisite for landing a position. To some extent, these summer internships have become so coveted that they may demand brand name work experience and very high grades to be considered.
Why Investment Banks Hire Summer Interns
Investment banking has changed a lot in the last 5, 10 and 20 years. In a few posts, we will look at how it has changed. For most aspiring bankers, the reasons to become an investment banking analyst were straightforward. The job pays a lot and you can tell your
After an active year for Canadian M&A in 2017, the first quarter of 2018 has slowed down slightly. Total value of deals for domestic and cross-border announced transactions fell from CAD $62B in Q1 2017 to $27B in Q1 2018 but has kept pace with last quarters total of $32B.
Should debt be completely tapped out or corporates want to stay within their investment grade credit rating (for some names, they may want to stay at a specific credit rating – for example A-), issuing equity or capital with high equity content is an option when a company requires funding
Acquisition Financing – Investment Grade Bonds, Private Placements, Term Loan B, High Yield Debt
Bonds, notes and term loans for institutional investors are otherwise seen as much more permanent capital than bank debt and is not meant to be paid down opportunistically. Fixed income investors – which are a distinct group