Debt Financing, Risk, and Value in Turbulent Times
SFI Prof. Erwan Morellec, Professor of Finance, EPFL
Dominique Kunz, Head of Swiss Debt Capital Markets (DCM), Credit Suisse
Current Situation and Objective
The rapidly growing market for corporate debt raises key questions about the sources of value and the risks associated with debt financing. The recent outbreak of Covid-19 has put forward new risks and vulnerabilities, leading to new questions. Should the market for corporate debt keep going despite the Covid-19 crisis? If so, should we change something? What are the benefits, costs and risks associated with debt financing? The Master Class on “Debt Financing, Risk, and Value” provides an in-depth understanding of the value drivers and risks in debt financing with a special focus on the effects of the Covid outbreak on the risks faced by lenders.
Content
1. The corporate debt market just before the Covid crisis
2. The Covid crisis and risks in the corporate debt market
3. What should we do to limit risks now and going forward?
4. What else is (likely) going to happen?
Target Audience
Corporate Finance (M&A, credit finance and loans, capital market finance, financing of firms and projects), Investment Banking, Asset Management. The focus is on enabling participants to understand the core elements of value creation using debt financing and to incorporate them into their decision-making in their professional environment.
SAQ Recertification
This Master Class is an acknowledged SAQ recertification measure for the CWMA, Affluent, CCoB and SME Advisor profile and comprises four learning hours.