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!
Roadshows are also to determine price. Debt is much easier to value
Beatae iusto odit incidunt possimus. Alias est qui dolorum delectus. Sit possimus quaerat hic ab doloribus sunt quo animi.
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...