This is the second pathway on debt capital markets. Previously we looked at the basics of DCM, introducing and outlining the fundamental aspects of the debt markets. In this pathway, we will be introduced to more advanced topics such as the bond issuance process and the different types of debt issuers.
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 videos • 2 hours 2 minutes
Bonds are a serious business, but there is a lighter side to the market which can be seen in the names given to bonds issued in certain jurisdictions under certain conditions. In this video, Nigel runs us through different types of bonds that are named after food, animals, people and plants.
Nigel Owen • 10:31
While bond pricing has different processes and conventions in individual markets, the bookbuilding process is much more universal. Nigel begins to explain this process by outlining the purpose of bookbuilding and the role of the syndicate bankers once the mandate is received.
Nigel Owen • 07:06
The US have most liquid bond markets in the world. Once an issuer has decided to issue in the US, there are several options they can consider based on a number of factors. Keith outlines these options by discussing the various ways in which a company can choose to issue a bond; by registering with the SEC, or not.
Keith Mullin • 12:34
Buyers and sellers of new bonds need to agree on a price at which to transact. In this series of videos, Nigel describes the new issue process that brings together all the components of pricing a bond, and surrounding conventions which are applied in the various different bond markets. In this first video of the series, Nigel outlines the various components considered when pricing a bond before specifically detailing how to price US Dollar bond.
Nigel Owen • 12:01
In this third part of the series of how to price a bond, Nigel outlines the process of pricing a Sterling denominated bond for the theoretical issuer, XYZ Corporation, using the building blocks outlined in the introductory video. In this example, XYZ has chosen to issue a 30-year bond.
Nigel Owen • 08:22
A number of supranational entities, owned by several sovereign governments, issue debt in the capital markets to finance their activities. In this short video, Tim explains the Sovereigns, Supranational and Agency (SSA) segment in relation to the debt capital markets.
Tim Skeet • 01:15
During an IPO, greenshoe options give underwriters the facility to acquire more shares to try and stabilise the stock price after initial trading. Tim explains the details around how these work and why they are necessary.
Tim Skeet • 04:28