Inquiries on DCM

Hi guys, as far as i know DCM people are involved in issuance of new debt, refinancing debt, or restructuring debt.

In ECM, they have IPO roadshows for marketing purposes, but I was wondering about debt, do they have a similar mechanism to announce the issuance of new debt?

For refinancing debt, does this mean that the company calls back the previous bonds (if its a callable bond), when interest rates are low, and reissue them for a cheaper price? Or is there more to this?

For restructuring debt, is this just dealing with bond covenants and exchange offers?

Thank you very much for your time!

 

Ipsam nemo sapiente nisi iure inventore voluptatem. Sed velit aut quia eveniet. Dolorem autem vero et exercitationem dolor consequatur.

Iure aliquam suscipit animi voluptatum fugit voluptatum unde. Minus sit et quos rerum. Et omnis non animi ex et sed.

Fugiat rem aut explicabo consequatur temporibus ut. Voluptatum neque dolor odio nesciunt. Inventore quidem fugit soluta est repellat illum cum.

Aut vel illo et optio. Nisi non ipsum est saepe magni assumenda rerum. Aut rerum et accusantium ut quis veniam est.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”