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 ...
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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. In A 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.
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Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $75.00, good condition, Sold by ThriftBooks-Baltimore rated 4.0 out of 5 stars, ships from Halethorpe, MD, UNITED STATES, published 2013 by FT Press.
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Good. Shelf and handling wear to cover and binding, with general signs of previous use. Covers show scuffing and edgewear. Interior pages clean and unmarked. Secure packaging for safe delivery.
Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $131.00, good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Austell, GA, UNITED STATES, published 2012 by FT Press.
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Good. Dust jacket missing. First edition. Shelf and handling wear to cover and binding, with general signs of previous use. Secure packaging for safe delivery.
Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $149.78, good condition, Sold by HPB-Red rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2012 by Ft Pr.
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $197.71, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Ft Pr.
Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $205.24, good condition, Sold by TEXTSHUB rated 5.0 out of 5 stars, ships from Franklin Lakes, NJ, UNITED STATES, published 2012 by Ft Pr.
Add this copy of A Pragmatist's Guide to Leveraged Finance: Credit to cart. $1,002.00, very good condition, Sold by anyswinggoes rated 5.0 out of 5 stars, ships from San Diego, CA, UNITED STATES, published 2012 by Ft Pr.
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Used: Very Good. Size: 6x1x9; Appears clean and unmarked. Some minor cosmetic shelf wear. From a private collection. Good condition. Comes from non smoking home.
