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A Pragmatist's Guide to Leveraged Finance - Credit Analysis for Below-Investment-Grade Bonds and Loans (Hardcover, 2nd ed.) Loot Price: R1,304
Discovery Miles 13 040
You Save: R328 (20%)
A Pragmatist's Guide to Leveraged Finance - Credit Analysis for Below-Investment-Grade Bonds and Loans (Hardcover, 2nd...

A Pragmatist's Guide to Leveraged Finance - Credit Analysis for Below-Investment-Grade Bonds and Loans (Hardcover, 2nd ed.)

Robert S. Kricheff

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List price R1,632 Loot Price R1,304 Discovery Miles 13 040 | Repayment Terms: R122 pm x 12* You Save R328 (20%)

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The high-yield leveraged bond and loan market is now valued at $4+ trillion in North America, Europe, and emerging markets. What's more the market is in a period of significant growth. To successfully issue, evaluate, and invest in high-yield debt, financial professionals need credit and bond analysis skills specific to these instruments. This fully revised and updated edition of A Pragmatist's Guide to Leveraged Finance is a complete, practical, and expert tutorial and reference book covering all facets of modern leveraged finance analysis. Long-time professional in the field, 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 leveraged finance covenants; how to assess equity (and why it matters); investing on news and events; early-stage credit; bankruptcy analysis and creating accurate credit snapshots. This second edition includes new sections on fallen angels, environmental, social and governance (ESG) investment considerations, interaction with portfolio managers, CLOs, new issues, and data science. A Pragmatist's Guide to Leveraged Finance is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. It also teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.

General

Imprint: Harriman House Publishing
Country of origin: United Kingdom
Release date: May 2021
Authors: Robert S. Kricheff
Dimensions: 242 x 163 x 25mm (L x W x T)
Format: Hardcover
Pages: 200
Edition: 2nd ed.
ISBN-13: 978-0-85719-849-5
Categories: Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General
Books > Money & Finance > Investment & securities > General
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LSN: 0-85719-849-1
Barcode: 9780857198495

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