Debt Capital Markets case studies, worked step by step

Cases
100
Traced to a firm
34
Topics
12
Hard
30
Topic
All topicsPrivate credit and direct lending8Debt capacity and loan structuring9Bond issuance and execution9Credit analysis and ratings12Asset-backed, project and real-asset lending8Structured finance and securitisation9Leveraged finance and LBO financing11Capital structure decisions6Rates and hedging8Liability management and refinancing8Indian debt market execution5Restructuring and recoveries7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 21–30 of 33 · filtered from 100Clear filters
  1. 054Superday case: a packaged foods company asks for a revolving credit facility to fund its festive season. Estimate the peak borrowing need, size the facility and propose two covenants.Credit analysis and ratingsCoreCorporate bankingCredit research
  2. 061Direct lending model: project a unitranche loan to a hotel group for five years with 1% amortisation and a 50% excess cash sweep, then work out the lender's yield if it buys the loan at 98.Debt capacity and loan structuringCorePrivate creditLeveraged finance
  3. 064Private credit case: a veterinary clinic group asks for a unitranche at 5.5x EBITDA with a discount and call protection. Compute the lender's yield if repaid after three years and propose the covenant set.Private credit and direct lendingCorePrivate creditLeveraged finance
  4. 067An issuer has 5-year and 7-year bonds trading. Set initial price thoughts and a final yield for a new 6-year bond, allowing a new issue premium.Bond issuance and executionCoreSyndicate desks
  5. 069A housing finance company raises Rs 500 crore on the electronic bidding platform. From a list of bids, find the cut-off yield and allotments under uniform-yield and multiple-yield allotment, and the cost difference.Indian debt market executionCoreIndian debt capital marketsSyndicate desks
  6. 073A shipping company's loan has a value maintenance covenant. Vessel values fall 30% while the charter keeps paying. Is the covenant breached, and how much must be cured?Asset-backed, project and real-asset lendingCoreCorporate bankingPrivate credit
  7. 077You buy mortgage-backed pass-through bonds at 102. How do their average life and yield change if borrowers prepay 10% a year against 25% a year?Structured finance and securitisationCoreStructured creditFixed income asset management
  8. 078A developer needs bondholder consent to sell a subsidiary that a covenant protects, and offers a 0.5% fee for approval. What does it cost the issuer, how should a bondholder decide, and what if the sale weakens the credit?Liability management and refinancingCoreSyndicate desksRestructuring
  9. 079A contractor buys 50 excavators with 90% loans repaid in equal instalments over five years, and the machines lose 30% of their value in year one. Is the loan ever bigger than the collateral, and when?Asset-backed, project and real-asset lendingCoreCorporate bankingPrivate credit
  10. 084Size the maximum debt for a port under three limits: 5.0x leverage, 1.35x debt service cover over 12 years at 9%, and 60% loan to value. Which one binds?Debt capacity and loan structuringCoreCorporate bankingPrivate credit

Company names and figures are illustrative.