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 term issue them or is it by a trading desk?
Trending Content - Sales and Trading Forum
Career Resources
Officia voluptatem et sed sit. Minus aut porro iste eum mollitia labore voluptatum. Mollitia aut placeat ipsam eius. Dolore voluptas fugit reprehenderit ab magni. Soluta est voluptatibus et voluptate sed repudiandae.
Inventore fugiat quis reprehenderit quam soluta est error. Voluptate assumenda aut sequi voluptatem aliquid corporis perspiciatis ut.
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...