Course Outline
Part 1
This course has been designed to provide participants with a solid grounding on Corporate Funding theory and principles.
- Large Corporate Funding Overview and Capital Structure
Debt vs Equity
Secured vs Unsecured
Short Term vs Long Term funding
Understanding Cost of Capital and role it plays investment decision making
The concept of Weighted Average Cost of Capital (WACC) in corporate decision making
- Different funding mechanisms:
Call Loans
Syndicated loans
Club loans
Bridge Funding
Mezzanine Finance
Pik Loans
Commercial Paper
Bonds/Medium Term Notes
- Introduction to Debt Capital Markets
What is a bond
Eurobond definition
Overview of international bond market
Investment Grade Bonds
High Yield Bonds
Reg S/144a comparison
Deal size
Use of proceeds
- Equity Linked funding
Rights Issues
Convertible Bonds
Initial Public Offering (IPO)
Part 2
- Funding alternatives for an M&A transaction / How funding is structured pre- and post-acquisition for a listed company
- Leveraged Buy Outs (LBOs)/Management Buy Outs (MBOs)
Typical funding structure for an LBO / Private Equity principles
Senior debt vs Junior debt / Pricing considerations
Funding considerations / Importance of correct debt scheduling/modelling
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Details
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Date :
- 13 March 2024
- 25 October 2024
Time: 09:00 - 16:00
Cost: R10, 500.00 per delegate ex VAT
Venue: Virtual/Online
Trainer Profile: Click Here
All sessions will be held at the JSE Johannesburg, Sandton offices.
CPD points and training certificates will be issued for the attendance at the training.
Please contact [email protected] to book. Please note that space is limited so please book as soon as possible in order to avoid disappointment.
If you would prefer a tailored training session to take place at your company premises please do not hesitate to let us know and we can tailor a training package to suit your requirements.
Non-Endorsement
By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider.