Description

Understand the differences between investment and sub-investment grade debt products, the different financing products available within sub-IG, the issuance process, investor base, and examples of how each product is used in practical settings.

Learning Objectives

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1. Differentiate between investment and sub-investment grade or "high yield" debt.
2. Identify different types of high yield debt .
3. Recognize the different features of each type of debt as well their varied issuance process and investor bases.
4. Apply these concepts to a practical example of capital structuring in leveraged situation.