Bankers,
If someone works at a Debt Capital Markets Group (at Credit Suisse or Morgan Stanley or DB) as an Associate and helps raise debt capital for a client then is he underwriting debt ? (My guess is yes)
If someone works in Golub Capital and makes a Term Loan B investment of say $5mm in a manufacturing company - it is investment. Right ? And this is not underwriting. Right ?
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Bump
yes.
Underwriting debt = MS's promise to provide the debt if they can't find a customer to do it.
Syndicating debt = Finding the lenders to provide the debt
Investing = Providing the debt
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