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 61–70 of 100
  1. 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
  2. 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
  3. 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
  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. 065Basic credit analysis on a made-up steel company: compute net leverage, interest cover and free cash flow, then give an indicative rating band and outlook.Credit analysis and ratingsWarm upS&P GlobalChicago · 2022
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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

Company names and figures are illustrative.