What is Debt Capital Markets?

What’s Debt Capital Markets?

DCM helps clients issue corporate bonds. Day-to-day includes:

DCM assists companies issuing bonds. They advise on interest rates, maturity dates, covenants, and sales to investors.
In the underwriting process, banks act as an intermediary between the company raising funds and bond investors.
In some cases, the company is guaranteed the loan by the bank.

Example Bond Process:

Bond Underwriting Process: First Southwest Company

DCM prepares pitch books, handles financial modeling, and works with various teams to execute bond issuances.

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