Loan Capital Markets vs HY DCM?

MusicCityBoer's picture
Rank: Gorilla | 602

Recently received an offer with the option to rotate between a number of capital markets groups, and one is Loan Capital Markets--now, from what I understand, loans are direct balance sheet lending rather than market lending like in DCM, and incorporate the higher risk of HY DCM products, but I'm not sure how this changes the nature of the work done on an LCM desk. Any thoughts?