A Pragmatist's Guide to Leveraged Finance

Credit Analysis for Bonds and Bank Debt

Business & Finance, Finance & Investing, Corporate Finance, Finance, Investments & Securities
Cover of the book A Pragmatist's Guide to Leveraged Finance by Robert S. Kricheff, Pearson Education
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Robert S. Kricheff ISBN: 9780132855242
Publisher: Pearson Education Publication: February 27, 2012
Imprint: FT Press Language: English
Author: Robert S. Kricheff
ISBN: 9780132855242
Publisher: Pearson Education
Publication: February 27, 2012
Imprint: FT Press
Language: English

The high-yield leveraged bond and loan market (“junk bonds”) is now valued at $3+ trillion in North America, €1 trillion in Europe, and another $1 trillion in emerging markets. What’s more, based on the maturity schedules of current debt, it’s poised for massive growth. To successfully issue, evaluate, and invest in high-yield debt, however, financial professionals need credit and bond analysis skills specific to these instruments. Now, for the first time, there’s a complete, practical, and expert tutorial and workbook covering all facets of modern leveraged finance analysis. InA Pragmatist’s Guide to Leveraged Finance, Credit Suisse managing director Bob Kricheff explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it. Using practical examples, sample documents, Excel worksheets, and graphs, Kricheff covers all this, and much more: yields, spreads, and total return; ratio analysis of liquidity and asset value; business trend analysis; modeling and scenarios; potential interest rate impacts; evaluating and potentially escaping leveraged finance covenants; how to assess equity (and why it matters); investing on news and events; early stage credit; and creating accurate credit snapshots. This book is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. In fact, it teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The high-yield leveraged bond and loan market (“junk bonds”) is now valued at $3+ trillion in North America, €1 trillion in Europe, and another $1 trillion in emerging markets. What’s more, based on the maturity schedules of current debt, it’s poised for massive growth. To successfully issue, evaluate, and invest in high-yield debt, however, financial professionals need credit and bond analysis skills specific to these instruments. Now, for the first time, there’s a complete, practical, and expert tutorial and workbook covering all facets of modern leveraged finance analysis. InA Pragmatist’s Guide to Leveraged Finance, Credit Suisse managing director Bob Kricheff explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it. Using practical examples, sample documents, Excel worksheets, and graphs, Kricheff covers all this, and much more: yields, spreads, and total return; ratio analysis of liquidity and asset value; business trend analysis; modeling and scenarios; potential interest rate impacts; evaluating and potentially escaping leveraged finance covenants; how to assess equity (and why it matters); investing on news and events; early stage credit; and creating accurate credit snapshots. This book is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. In fact, it teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.

More books from Pearson Education

Cover of the book Market Volume by Robert S. Kricheff
Cover of the book Microsoft Dynamics CRM 2011 Unleashed by Robert S. Kricheff
Cover of the book ZAG by Robert S. Kricheff
Cover of the book Canon EOS 60D: From Snapshots to Great Shots by Robert S. Kricheff
Cover of the book Advanced Windows Debugging by Robert S. Kricheff
Cover of the book Fuzzing by Robert S. Kricheff
Cover of the book Managing Apple Devices by Robert S. Kricheff
Cover of the book The Presentation Workout by Robert S. Kricheff
Cover of the book Programming Windows by Robert S. Kricheff
Cover of the book Java Application Architecture by Robert S. Kricheff
Cover of the book The Non-Designer's InDesign Book by Robert S. Kricheff
Cover of the book The Art of Enterprise Information Architecture by Robert S. Kricheff
Cover of the book Personalized Digital Advertising by Robert S. Kricheff
Cover of the book Fundamentals of Adventure Game Design by Robert S. Kricheff
Cover of the book Mindfulness for Busy People by Robert S. Kricheff
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy