The role of DCM at a bank is to work with potential issuers who wish to raise financing in the international capital markets by issuing bonds. Globally, there are around $4-5 trillion new issues each year. Also, the total amount of bonds outstanding was nearly $103 trillion at the end of 2018.
Key learning objectives:
Identify the role of a DCM at a bank and the good qualities they possess
Explain the differences between loans and bonds
Discuss the role of Credit Agencies
Define Private Placements and describe their function