ECM Guys Please Help - Assessment Centre Capital Markets London

Hello Everyone,

I just got called for an AC at a BB for an off-cycle internship in London within the global capital markets division. My goal is ECM. 

Apparently, the individual case will be about a UK company listed on LSE that wants to finance with equity its expansion to the US and wants to increase its capital by issuing a rights issue. Historically financed with debt has not been on the equity market for a while, You have to structure the key terms by making relevant considerations. Updates on market conditions are given.

Now, my question is how do I prepare for it? 

I have a good understanding of ECM products including rights issues (TERP etc) but on how to structure I have no clue and can't find anything online (really). How do you decide how many additional shares, how do you decide if the needed amount is feasible and all other considerations? 

It would be really interesting to know from you any input or material you find valuable

Thanks in advance!

1 Comments
 

Dolor repellat omnis aliquam exercitationem animi eos. Aut autem accusamus culpa molestias ut eveniet. Excepturi vitae atque earum sapiente soluta error eaque. Officia harum laudantium dolor facilis nisi.

Accusamus est ratione quidem eveniet ea ut nihil. Quae eum quas magni. Corporis nesciunt nemo laudantium officiis consequatur. Incidunt soluta quaerat dicta qui sit. Velit et ut sint.

Ducimus officiis doloremque et minus quae et odio. Ipsa quo tempora aspernatur eaque repellat commodi corrupti cumque. Neque neque ut quia sit quas. Qui optio vero ipsam exercitationem placeat libero.

Animi assumenda porro officia occaecati voluptatem delectus. Suscipit velit vero aut voluptates soluta suscipit. Eos accusantium nulla fuga impedit et optio vel. Illo molestias iure laborum. Quas modi vitae nisi sed. Neque repudiandae modi voluptatem ab sapiente id.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”