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April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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+Bonus: Get 27 financial modeling templates in swipe file
If you're pitching a bond you should bringing up a few things. First being what's the value behind it? What's its G spread, how does its G spread compare to similar credits, how does its G spread compare to other products in the fixed income space. The second thing I'd talk about is what's it rating, how has the issuer's credit looked like in the past. Then go over the intrinsics of the bond. Where does it fall in the capital structure? Is this secured debt, unsecured, subordinate, senior lien, and what are the benefits of this. What are cash flows backed by? Mortgage repayment, agency payments, tax revenue, the list goes on. These are some ideas you should be thinking about.
This is great advice. Would just also add that if you're pitching a HY bond you might want to look at covenants on the debt and if there are any related to performance how those are tracking.
Thanks for the helpful advice! Are there any corporate bond trading ideas websites recommended?
curious as to what supranational/sovereign DCM bankers would pitch to a country
Look online
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