The debt markets are far larger than the equity markets, and yet get far less media attention. This is the first of two pathways that provide an extensive overview of the debt capital markets, starting with the basics.
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
15 video modules • 3 hours 16 minutes
In his first video on benchmark curves, Nigel begins by explaining the benchmark curves which are used in global debt markets. Each benchmark curve is the foundation for bond pricing in its relevant market. This video will shed light on the ‘US treasury benchmark curve’, ‘Euro benchmark swap rate curve’ and the ‘Sterling benchmark gilt curve’.
Nigel Owen • 10:33
The concept of risk-free debt is deeply embedded in financial markets as short-hand for high-quality liquid debt that retains its value over time. In the first video of this series, Keith explains what is meant by "risk-free" and how nothing in financial markets can ever carry zero risk.
Keith Mullin • 09:41
A Medium-Term Note, or MTN, is a form of privately placed debt in a bond format. In this video, Aya answers the questions: what is a MTN, what is a private placement and what are the differences between MTNs and Public Benchmark Transactions?
Aya Suzuki • 10:17
Preference shares were initially a form of ‘temporary rescue' capital used by companies in distress. Today, however, preference share capital is used far more broadly and represents a stable form and source of capital. Prasad explains how preference shares are issued, the different types that exist and how they are priced.
Prasad Gollakota • 18:33