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 11–20 of 34 · filtered from 100Clear filters
  1. 029Olvara Textiles asks for a Rs 150 crore five-year term loan on EBITDA of Rs 110 crore and existing debt of Rs 260 crore. Is it creditworthy for this loan?Credit analysis and ratingsCoreScotiabankToronto · 2026
  2. 032Pitch a 10-year rates trade to a fixed income fund: the 10-year government bond yields 7.10%, the 2s10s curve is 40 basis points, and you expect the central bank to ease. Size a DV01-neutral steepener and set the stop.Rates and hedgingCoreBank of AmericaLondon · 2025
  3. 033Korvath Industries plans a Rs 1,000 crore 10-year bond in three months and fears rates will rise. Which derivative would you use to lock the rate, and what happens if government yields rise 40 basis points and its credit spread widens 20?Bond issuance and executionHardGoldman SachsLondon · 2025
  4. 039Nandavan CLO I holds Rs 500 crore of loans against class A notes of Rs 330 crore and class B of Rs 55 crore, with an A/B overcollateralisation trigger of 125%. After a default and a CCC haircut, does the test fail, and how much cash is diverted from the equity to cure it?Structured finance and securitisationHardNomuraNew York · 2026
  5. 040Velkora Warehousing Park has gross potential rent of Rs 48 crore, 8% vacancy and operating costs of 20% of effective income. Get to value at an 8% cap rate, then size a refinancing loan at 60% loan-to-value and 1.4x debt service cover. Which test binds?Structured finance and securitisationCoreInvescoNew York · 2025
  6. 041Mervaka Retail, a footwear and apparel chain, reports EBITDA of Rs 500 crore and debt of Rs 600 crore, but pays Rs 200 crore a year of rent on long store leases. Which credit metrics would you look at, and what is leverage on a lease-adjusted basis?Credit analysis and ratingsHardTruist SecuritiesAtlanta · 2024
  7. 042Compute the borrowing base for Samvera Distributors: receivables of Rs 400 crore and inventory of Rs 300 crore across raw material, work in progress and finished goods, against a Rs 350 crore asset-based line. What is available?Asset-backed, project and real-asset lendingCoreTruist SecuritiesAtlanta · 2023
  8. 043A sponsor is buying Tarvik Education at 9x EBITDA of Rs 150 crore with 5x debt, and the cost of debt rises from 9% to 11% before signing. How does that move the sponsor's IRR, and how much less must it pay to keep a 20% IRR?Leveraged finance and LBO financingHardHoulihan LokeyLos Angeles · 2025
  9. 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
  10. 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

Company names and figures are illustrative.