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 31–40 of 50 · filtered from 100Clear filters
  1. 055A metals company needs Rs 600 crore for a new plant and can issue bonds at 8.5% or shares at 20x earnings. Compare EPS in year 1 and year 3, leverage, and the rating effect, and choose.Capital structure decisionsCoreScotiabankLondon · 2026
  2. 057A sponsor financing a buyout can use a floating term loan B or a fixed high yield bond with three years of call protection. Compare cost when rates rise and fall, and the cost of exiting in year 2.Leveraged finance and LBO financingCoreLazardAmsterdam · 2025
  3. 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
  4. 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
  5. 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
  6. 068Build a simple delinquency model for a mortgage pool using monthly roll rates between arrears buckets, project the 90+ bucket for three months, and say which borrower factors you would add.Structured finance and securitisationCoreNeuberger BermanChicago · 2024
  7. 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
  8. 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
  9. 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
  10. 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

Company names and figures are illustrative.