February 2012
Intermediate to advanced
288 pages
5h 25m
English
book
A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt
by Robert S. Kricheff
Content preview from A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank DebtBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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22. New Issuance
What’s in this chapter:
• What documents are typically available in the new-issue process
• Why companies come to market with new issues
• How to examine pro forma adjustments in new-issue documents
Depending on the market cycle and your job, a large part of a high-yield credit analyst’s job can be spent on new issuance. Typically when a new issue for a bond or loan is coming to market, the analyst can get more detailed information about the industry and the company, as well as more access to management.
Along with company management, the sell-side investment bankers, lawyers, accountants, capital markets team, and analysts may spend several weeks or even months working with the company and doing due diligence to assess the validity ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.