Our Capital Markets and Origination bundle combines three key courses that are designed to give you a complete overview. The bundle will first explore how capital markets connect the world’s issuers, to the world’s investors, with the assistance of the financial industry, and covers the main debt products available to corporates and the main products of the equity capital markets.
This bundle includes the following courses:
- Capital Markets and Corporate Funding
- Debt Capital Markets
- Equity Capital Markets
6 hours of video content.
Estimated 12 hours to complete.
PREREQUISITES
This course is open to all. To maximize the benefit of this course we recommend an understanding of financial statements and Microsoft Excel.
Capital Markets and Corporate Funding
OVERVIEW
Explore the way in which capital markets connect the world’s issuers, to the world’s investors, with the assistance of the financial industry. The major global investors and issuers are covered in some detail, along with the main features of the key funding instruments; debt and equity. You will then examine some of the ways in which the corporate makes decisions on the equity and debt mix in their business.
LEARNING OBJECTIVES
- Have familiarity with the major categories of entities that operate in financial markets
- Understand the difference between equity and debt from both the issuer and investor perspective
- Understand some of the considerations in selection of preferred debt/ equity mix made by corporates
TOPICS COVERED
Complete topics step by step or jump to any of the below at any time.
- The role of capital markets
- Key capital market participants
- Issuers
- Investors
- Equity Vs Debt
- Issuer perspective
- Investor perspective
- Role of an investment bank in capital markets
- Origination / ECM / DCM
- Global markets / Sales & Trading
- Corporate funding
- Corporate capital structure
- WACC
- Leverage and other considerations
Debt Capital Markets
OVERVIEW
This course covers the main debt products available to corporates. Using a case company, the debt capacity is calculated before different funding options. Both long and short term, and public and private financing options are explored. Finally the bond issuance process and key documentation are discussed.
LEARNING OBJECTIVES
- Understand the need for long term and short term debt
- Understand the differences between overdrafts, revolving credit facilities and commercial paper
- Become familiar with typical covenants in loans and bonds
- Understand how to compute bond price and bond yield
- Compute interest and fees on a variety of debt products
TOPICS COVERED
Complete topics step by step or jump to any of the below at any time.
- Short term debt funding overview
- Overdraft and Revolving Credit Facility
- Commercial Paper
- Long term debt – term loans
- Covenants
- Bridge loans
- Bond terminology
- Bond fundamentals
- Bond risk
- All-In-Cost
- Choosing debt maturity
Equity Capital Markets
OVERVIEW
This course will cover the main products of the equity capital markets. Using a case company, you will tour through the equity capital markets, embracing IPOs, secondary offerings, and different share classes. Finally, listing rules and some of the subtleties of the pricing of equities are examined.
LEARNING OBJECTIVES
- How corporates access equity capital markets at various stages of the life cycle
- What is an IPO, why go public and what is the relevance of primary and secondary funding in an IPO?
- How is the IPO price set and stabilized (the ‘Greenshoe’ option)?
- How do companies that are already public, access further capital?
- What is a Rights Issue and how do I calculate the TERP?
- What are dual listings, depository receipts and other forms of equity?
TOPICS COVERED
Complete topics step by step or jump to any of the below at any time.
- The corporate lifecycle and equity financing options
- Initial public offering
- Process
- Prospectus
- Book building and arriving at a price
- Quiet period
- Stabilization and Greenshoe option
- Secondary offering
- Follow on placements
- Rights issue
- Share classes
- Different classes
- Preference shares
- Pricing
- Issuing shares in different markets
- Share pricing
- Cum and ex-div prices
- Impact on multiples analysis
**Training The Street acquired AMT Training in 2021. We have merged AMT's products into one store, to increase our content offering.**
Group Orders
We offer discounts for group orders on our self-study products. Group orders are an attractive option for companies or teams looking to upskill together.
Contact us at selfstudy@trainingthestreet.com to learn more about how to save money on group orders.
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