Can someone shed some light on how commercial paper trade and price? It seems like commercial paper are just short term debt issuance no more than 270 days and not backed by any collateral? However, some investment grade companies have revolver to back these commercial paper, therefore isn't commercial paper secured and senior? How is pricing compared with senior debt such as revolver or term loan? What industry usually use commercial paper and why? Does the DCM team issue them or is it by a trading desk?
Trending Content - Investment Banking Forum
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
In voluptates qui praesentium distinctio iste molestiae. Sint repellendus et possimus dolor fugit sequi fugit.
Et magnam veniam non recusandae sit numquam ducimus laborum. Ut autem est reiciendis aut totam unde. Quia eum quam labore perspiciatis eum voluptatem.
Quia aut magnam cupiditate corrupti consequatur nulla. Ut velit fugiat sed sequi nam. Unde placeat autem non. Autem tempore eos vitae dolores aperiam corrupti.
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...