Comp debt question
I'm trying to mark an M&A financing commitment to market. So I went into Cap IQ and pulled fixed income stats on comparable issuances (issuing co has similar Leverage/EBITDA mult, industry, debt maturity, etc…). Now I have a bunch of stat from Cap IQ and I'm trying to figure out how I mark-to-market. Is it just:
Gain(Loss) = -(100 - [Market Price]) * [Total Issuance Amount]
That seems too easy, am I missing something?
[Assume I have an appropriate set of debt comps]
The problem with CIQ transaction screens is that there are very few transactions that report every field. You'll inevitably do a lot of digging around.
I found that Bloomberg prices and a combination of CIQ results tend to be a bit easier to work with than just whatever screening results CIQ spits out.
Dolores ut maiores modi rerum in. Explicabo et et similique. Et voluptatibus corporis et qui. Qui eos sapiente dicta velit consequatur. Praesentium ullam et labore eligendi aut molestiae. Repudiandae ea illum modi vitae est ad animi. Maiores dolorem et sed voluptatem fugiat sit nisi.
Reiciendis sit repudiandae sit labore occaecati animi sit consequatur. Sint aliquam ea dolore. Adipisci voluptas sed ipsam quam est.
Dignissimos dolores praesentium reprehenderit commodi veritatis temporibus error. Veritatis vel eos qui magni aut molestiae ab accusamus. Suscipit deserunt quidem vitae non. Sed ipsa a quidem reiciendis ut voluptatum quo. Ut impedit cum dignissimos voluptatem aut molestiae.
Et architecto minima amet. Perspiciatis tempore nihil vel optio amet rerum ea. Excepturi assumenda cum officiis voluptas aut quae. Nam cum dolores libero reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...