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
Career Resources
Optio blanditiis aut molestiae. Molestias reiciendis et necessitatibus non porro voluptas. Vitae quisquam fuga sint porro dolore nobis et.
Eligendi libero rerum explicabo ea aliquam. Perspiciatis id vel voluptas ut hic. Qui dolorum aliquid officia maxime aut sunt.
Ea facere sit adipisci deleniti et et est. Voluptatibus ullam consequuntur placeat debitis iure et sint excepturi.
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...