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Lecture Retail and merchant banking – Lecture 10

After studying this chapter you will be able to understand: What is capital market? What is primary and secondary markets? What is capital market and what are the main instruments of capital market? Capital market instruments,. | Revise Lecture 9 Revise Lecture 9 Q1: What is capital market? Revise Lecture 9 Q2: What is primary and secondary markets? Revise Lecture 9 Q3: What is IPOs? Revise Lecture 9 Q4: What is Underwriter means? Lecture 10 Capital Market Instruments Revise Lecture 10 Q1: What is capital market and what are the main instruments of capital market? Capital Market Instruments If a company needs to raise funds for the long-term, it can access the capital markets. The following are the different types of capital market instruments; Capital Market Instruments Bonds Junk Bonds (unsecured) Debentures / Loan notes (secured on an asset or by covenants) Preference Shares traded on the main stock market Shares in Alternative investment market - AIM Revise Lecture 10 Q2: What is junk bond? Capital Market Instruments Junk Bond: A bond with a credit rating BB or lower issued for leveraged buyouts and other takeovers by companies with questionable credit. The interest rate is higher in order to compensate . | Revise Lecture 9 Revise Lecture 9 Q1: What is capital market? Revise Lecture 9 Q2: What is primary and secondary markets? Revise Lecture 9 Q3: What is IPOs? Revise Lecture 9 Q4: What is Underwriter means? Lecture 10 Capital Market Instruments Revise Lecture 10 Q1: What is capital market and what are the main instruments of capital market? Capital Market Instruments If a company needs to raise funds for the long-term, it can access the capital markets. The following are the different types of capital market instruments; Capital Market Instruments Bonds Junk Bonds (unsecured) Debentures / Loan notes (secured on an asset or by covenants) Preference Shares traded on the main stock market Shares in Alternative investment market - AIM Revise Lecture 10 Q2: What is junk bond? Capital Market Instruments Junk Bond: A bond with a credit rating BB or lower issued for leveraged buyouts and other takeovers by companies with questionable credit. The interest rate is higher in order to compensate holders for that risk. A bond rated usually BB or lower because of its high default risk. Also known as a High-yield bond. Revise Lecture 10 Q3: What AIM? Capital Market Instruments Alternative Investment Market – AIM AIM is a sub-market of the London Stock Exchange. It was founded on the idea of allowing smaller companies to float shares. Running since 1995, to replace the unlisted securities market with the object of allowing small growing companies to raise capital and have their shares traded in a market, without the expense of a full market listing. Lecture 11 Financial Services Financial Services All types of activities which are of financial nature, could be brought under the term ‘Financial Services’. The term in a broad sense, means ‘mobilizing and allocating savings’. Thus, it includes all activities involved in the transformation of savings into investment. Financial Services The financial services can also be called financial intermediation. Financial intermediation is a .