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 66 · filtered from 100Clear filters
  1. 049Taranjot Solar's cash flow available for debt service rises from Rs 80 crore to Rs 110 crore over 15 years. Compare the debt it can raise with a level annuity repayment against a repayment sculpted to a constant 1.3x cover, at 9%.Debt capacity and loan structuringHardCorporate bankingIndian debt capital markets
  2. 050Anvayana Home Loans wants to sell Rs 500 crore of home loans. Compare a direct assignment at the pool yield with a pass-through structure needing 10% credit enhancement: what does each do to its income, and how much risk does it really shed?Structured finance and securitisationCoreStructured creditIndian debt capital markets
  3. 051A state power utility borrows floating from banks and wants a fixed cost for five years. Should it swap the loan to fixed or refinance with a state-guaranteed fixed bond?Rates and hedgingCoreCorporate bankingIndian debt capital markets
  4. 052A sponsor-owned clinic chain wants to borrow more to pay itself a large dividend. Work out what the recap does to leverage and cover, and say whether a lender should agree.Leveraged finance and LBO financingCoreLeveraged financePrivate credit
  5. 053A steel company with surplus cash can buy back its expensive bonds at a premium through a tender offer. Is paying 104 for 9.5% bonds worth it when the cash earns 7%?Liability management and refinancingCoreSyndicate desksCorporate banking
  6. 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
  7. 056A tea estate company needs Rs 50 crore for three years. Is a floating bank term loan at 10.2% or a privately placed NCD at 9.6% with Rs 30 lakh of issue costs cheaper, and what else matters?Indian debt market executionWarm upIndian debt capital markets
  8. 059A consumer company can target a AA rating with less debt or an A rating with more. Compute the WACC under each and decide which target to adopt, allowing for a downturn.Capital structure decisionsHardCorporate bankingRating agencies
  9. 060A plastics company is sold for Rs 300 crore. It has secured debt, unsecured debt and preference shares. What does each class recover?Restructuring and recoveriesWarm upRestructuringCorporate banking
  10. 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

Company names and figures are illustrative.