Introduction to Debt Capital Markets

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  • Topic: Finance, BNP Paribas, Investment banks
  • Pages : 10 (1585 words )
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  • Published : November 24, 2012
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BUILDING TOMORROW™

Introduction to Debt Capital Markets

Craig Rydqvist

rbs.com/gbm

Introduction

My background
Finance sector focussed education and experience but not ‘traditional’ IB route Education

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First degree – BSc in Management Studies; Postgraduate – MSc Masters in Finance (part-time).

Work Experience

• • •

KPMG – Financial Sector Audit and Consulting (ACA); Barclays Capital – Finance followed by Trading and Structuring; RBS – Finance followed by DCM Origination.

Current Role

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Director – Conduit Origination; Sell side origination, execution and structuring; Buy side transaction analysis as RBS is ultimate risk taker; Line Manager for Global Banking Analyst Programme.

Mature version of Will from the Inbetweeners
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Xin Miao – 2nd Year Analyst, DCM
Appears geared towards Investment banking… didn’t know what they were! Education & Work Experience

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LSE BSc in Accounting & Finance RBS Easter internship (DCM) RBS Summer internship (FI DCM)

Current Role



RBS Graduate programme – First rotation: Investment grade corporate bond origination – Second rotation (outside DCM): Energy & Resources sector

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RBS Investment Banking Model
GBM
GBM banking GBM markets

Clients
Equities Origination Corporate DCM and Risk solutions Syndicate FI DCM / FISF Sector and Corporate Finance Client Management Trading Sales

Investors

Corporate and FIG coverage

Research and strategy

Origination
GBM Operations

Distribution

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DCM Products
DCM Products are varied and lie on a spectrum between market facing and structured

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Corporate Investment Grade Bonds Financial Institution Debt High Yield Debt Liability Management Loan Origination and Syndication Structured Finance – Securitisation – Covered Bonds – FI Hybrids – Structured Corporate Debt

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Private Placements Ratings Advisory

RBS offers the complete package of DCM products
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What DCM Originators do
Origination Relationship Building Distribution

Client pitches

Beauty parades

Market Coverage

Peer Group Benchmarking

Pricing

Documentation

Roadshows

Investor contact

Best deal for client

Constant dialogue with clients • Pitching / responding to Requests for Proposal • Indicative pricing and market commentary • Execution Development of a diverse skill-set • Analysis of market trends (historical and current) • Presentation skills • Ability to work across teams Day to day job • Pricing analysis • Continuous interaction with the market – new issues, market trends, demand drivers, rumours, etc • Client presentations/meetings pitching for business • Transaction facilitation including deal roadshows / investor due diligence

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Current League Table Standings
All Currencies WE IG Corporate Bonds
15 September 2011 YTD
Bookrunner 1 Deutsche Bank 2 RBS 3 BNP Paribas 4 HSBC 5 JPMorgan Total Industry Source: Dealogic Analytics Share Amount No. (%) (EURm) 9,277 52 10.08 7,150 49 7.77 6,294 39 6.84 6,203 39 6.74 5,951 26 6.46 92,054 180 100 2013 Target Position: Top 3

All Currencies WE Corp. & FI Syndicated Loans
15 September 2011 YTD
Bookrunner ▲ ▲ ▲ ▲ ▼ 1 BNP Paribas SA 2 Credit Agricole CIB 3 Societe Generale 4 RBS 5 HSBC Holdings PLC Total Industry Source: Thomson Reuters Share Amount No. (%) (EURm) 19,092 135 7.60 18,246 86 7.20 16,003 93 6.30 15,635 99 6.20 13,443 78 5.30 252,044 352 100 2013 Target Position: Top 3

All Currencies CEEMEA Corp. Synd. Loans
15 September 2011 YTD
Bookrunner ▼ ● ● ▲ ▲ 1 Citi 2 Credit Agricole CIB 3 RBS 4 BNP Paribas SA 5 Barclays Capital Total Industry Source: Thomson Reuters Share Amount No. (%) (EURm) 3,217 27 9.00 3,052 19 8.60 2,561 15 7.20 2,541 16 7.10 1,961 6 13.00 35,593 68 100 2013 Target Position: Top 5

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Cross Border Private Placements
15 September 2011 YTD
Bookrunner 1 RBS 2 BAS 3 Barclays 4 HSBC 5 CBA...
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