Leveraged Finance Debt Capital Markets in Asia China Debt Capital Markets Hong Kong Leveraged Finance by Karl - September 16, 2019September 16, 20190 Written by a bulge bracket investment banker in Asia Capital Markets in Asia Pacific Asia is the largest population center in the world and has the fastest growing economies. China and India need no introduction, but Southeast Asia (Vietnam, Indonesia, Malaysia, Thailand – and a little later Cambodia, Laos and Myanmar) also
Accessing Leveraged Capital Markets – Part II Debt Capital Markets Leveraged Finance Rating Agencies by Matt - December 17, 20180 Getting a Credit Rating for High Yield Bonds When debt issuers want to issue debt in a public offering1, they will need credit ratings from the three major credit rating agencies: Moody's, S&P and Fitch Ratings. Generally, investors like to see at least two, with Moody's being the gold standard when it
Accessing Leveraged Capital Markets – Part I Debt Capital Markets Leveraged Finance by Matt - December 11, 20180 Issuing High Yield Bonds For levered companies that do not fit the investment grade bucket, there are still robust capital markets options available for debt issuance through the leveraged finance divisions of global investment banks. As discussed in other leveraged finance posts, a large suite of buyers invest in high yield bonds
Introduction to Green Bonds Debt Capital Markets Fixed Income by Jaycee - November 20, 2018March 20, 20190 Debt Capital Markets - What is a Green Bond? Green bonds are debt securities that use the proceeds to fund sustainable and environmental-friendly projects. Given today's investor focus on environmental, social and governance (ESG) factors - whether for political reasons or other ethical considerations, green bonds can be very attractive bond issuances
Introduction to High Yield Bonds Debt Capital Markets Leveraged Finance by Matt - October 21, 2018October 25, 20180 What Are High Yield Bonds? What separates investment grade and sub-investment grade? The answer is a designated credit rating by the mainstream credit rating agencies - Moody's, S&P and Fitch. Moody's is widely accepted to be the gold standard for rating agencies. The rating agencies will assign scores for corporates based on
Acquisition Finance: Bullet Debt Debt Capital Markets Mergers & Acquisitions by Matt - March 4, 2018March 5, 20180 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
Working in Treasury Debt Capital Markets Treasury by Matt - January 20, 2018February 18, 20180 Related: Interview with a Treasury Analyst What is Corporate Treasury? Treasury is the cash management function of the bank – it is responsible for cash inflows and cash outflows. Ideally, the treasury maximizes the cash inflows while minimizing the cash outflows via a variety of risk management solutions and opportune financing. Treasury
Debt Capital Markets Analyst and Associate Work Debt Capital Markets Featured by Matt - November 26, 2017February 18, 20180 For the most part, DCM analysts and associates do the same thing, except the associate knows the process a lot better and is able to guide the analysts. Identifying Clients for DCM to Talk To DCM will usually have a rolling list of upcoming maturities to look at which companies to approach.
Interview with: Credit Rating Agency Analyst Credit Rating Debt Capital Markets Fixed Income Interview Series by Karl - July 26, 2017March 5, 20180 Interview conducted with a director in corporate banking at a major bank What is the objective of a ratings agency and a credit rating? How do credit agencies get paid and who are the main players in the space? Is there a difference in compensation ranges for the various agencies? Rating agencies
Debt Capital Markets What is Debt Capital Markets (DCM)? Back to Investment Banking Debt Capital Markets (DCM) is a financing group in Investment Banking which helps to connect debt issuers and debt investors depending on their respective needs pertaining to tenor/maturity, currency (issue in USD, CAD, GDP, CNY, JPY, EUR), coupon (fixed/floating), security/collateral, and other