CCM Debt Securities case studies

CCM Debt Securities · Put your knowledge to work in context.

The Certificate in Capital Markets (CCM) is a professional qualification offered in the capital markets space, and its Debt Securities module is the fixed income component of that programme. This independent study page is written for candidates who are preparing for the Debt Securities module and who want a clear, structured way to organise their revision. The CCM Debt Securities case studies are 5 cases and about 2,562 words.

Commercial Paper Rollover Under a Borrowing-Base Constraint

Northline Components has 75 million of 30-day commercial paper outstanding, supported by a 100 million 364-day revolving credit facility that expires in 45 days. The facility's borrowing base is 85% of eligible receivables ( 60 million) plus 50% of inventory ( 40 million), so availability is 71 million-less than CP outstanding.

521 words, about 3 min 2

Make-Whole Refunding Decision

Vantage Grid has 300 million of 6.25% senior notes due 2031, callable at a make-whole premium equal to the present value of remaining scheduled payments discounted at the Treasury rate plus 35 basis points. The notes have 8 years remaining.

522 words, about 3 min 3

Convertible Versus Straight Debt for a Growth Company

Apex Robotics, a high-growth unrated company with 80 million revenue and 6 million EBITDA, needs 150 million to fund a factory. It can issue 5-year straight notes at 9.5% or 5-year convertible notes with a 3.0% coupon and a 32% conversion premium over the current 20 share price.

486 words, about 2 min 4

Private Placement Versus Shelf Registration for Acquisition Financing

Crestline Utilities needs 250 million of 10-year debt. It has an effective shelf registration statement with 400 million remaining.

495 words, about 2 min 5

Discount Bond Repurchase Within an Indenture Basket

Halcyon Materials has 200 million of 7.75% senior notes due 2029 trading at 92. The company has 80 million of cash and a 300 million revolver with 150 million undrawn.

538 words, about 3 min