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 41–50 of 66 · filtered from 100Clear filters
  1. 062A company issues Rs 300 crore of three-year bonds at 8.40% and pays an arranger fee plus rating, trustee and listing costs. What is its all-in cost of funds?Bond issuance and executionWarm upIndian debt capital markets
  2. 063Rating case: a tower company plans a debt-funded acquisition that takes leverage past the agency's downgrade trigger. What rating action follows, and what could the company do to avoid it?Credit analysis and ratingsHardRating agenciesCredit research
  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. 066Case interview: a fast-growing pet food company asks for a loan that takes leverage to 3.0x EBITDA. Is it a good business to lend to, and what would you check first?Private credit and direct lendingWarm upPrivate creditCredit research
  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. 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
  7. 070A hydro project suffers a 20% cost overrun and a one-year delay. Compute the extra interest during construction, the funding gap and who funds it, and the effect on debt service cover.Asset-backed, project and real-asset lendingHardCorporate bankingIndian debt capital markets
  8. 072Overnight case study: an aviation services company offers a second lien loan behind a larger first lien. Build base and downside cases, compute value cover at 6x and 4x EBITDA, and give an invest or pass view.Private credit and direct lendingHardPrivate creditCredit research
  9. 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
  10. 075A retailer's pari passu term loan lenders split: a 55% majority swaps into a new super-senior loan and adds new money, leaving the rest behind. Compute each group's recovery before and after the uptier.Liability management and refinancingHardRestructuringLeveraged finance

Company names and figures are illustrative.