High Yield DCM
The High Yield Debt Capital Markets Group in London covers non-investment grade debt issuers in the EMEA region. The group works closely together with relationship managers and other product specialists advising on capital structures and funding opportunities for corporate and PE driven issuers, projects, or event driven situations.
The DCM team is specifically geared towards funding solutions in the public capital markets. Co-operation with other parts of Financial Markets allows us to repackage credit in different forms and provides added flexibility in structuring solutions for our client base. Our product is distributed through the Bank's global investor base.
Specifically the role will involve:
• Maintaining transaction data bases and preparing market and pricing updates
• Initial credit analysis of new potential bond issuers
• Preparing pitches for potential clients, identifying relevant comps and appropriate capital structures
• Liaising with the Bank's counterparts on new opportunities, identifying HY opportunities and educating the Bank's counterparts on the product and current market environment
• Participating in transaction structuring; Identifying the right capital structure including or excluding different forms of subordination and establishing a covenants package in accordance with market expectations for clients in the industry
• Transaction management including drafting of Offering Circular, executing business due diligence and preparing and participating in roadshows
• Assisting in the preparation of transaction files
• Any ad-hoc analysis and projects as required by your Manager
• Generate business flow for HYDCM from existing or new clients with support from Associate's, VP's, D's or MD's
Candidates will have:
• Previous experience(s) in the banking industry
• Experience pitching and execution of leveraged loans / HY capital market deals
• Strong pitchbook preparation, deal structuring, financial modelling, credit analysis and documentation skills
• Strong educational background
• Experience in dealing with rating agencies
Our client is a leading European Corporate Bank
Michael Page is a world leading recruitment consultancy
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