Leveraged Finance: Concepts, Methods, and Trading of High-Yield Bonds, Loans, and Derivatives

Leveraged Finance: Concepts, Methods, and Trading of High-Yield Bonds, Loans, and Derivatives

Author(s): Stephen J. Antczak, Douglas J. Lucas, Frank J. Fabozzi

Published Online: 29 NOV 2011 09:30AM EST

Print ISBN: 9780470503706

Online ISBN: 9781118258354

DOI: 10.1002/9781118258354

About this Book

A timely guide to today's high-yield corporate debt markets Leveraged Finance is a comprehensive guide to the instruments and markets that finance much of corporate America. Presented in five sections, this experienced author team covers topics ranging from the basics of bonds and loans to more advanced topics such as valuing CDs, default correlations among CLOs, and hedging strategies across corporate capital structures. Additional topics covered include basic corporate credit, relative value analysis, and various trading strategies used by investors, such as hedging credit risk with the equity derivatives of a different company. Stephen Antczak, Douglas Lucas, and Frank Fabozzi present readers with real-market examples of how investors can identify investment opportunities and how to express their views on the market or specific companies through trading strategies, and examine various underlying assets including loans, corporate bonds, and much more. They also offer readers an overview of synthetic and structured products such as CDS, LCDS, CDX, LCDX, and CLOs. Leveraged Finance has the information you need to succeed in this evolving financial arena.

Table of contents

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  1. Part I: The Cash Market

  2. Part II: Structured Market

  3. Part III: Synthetic Markets

  4. Part IV: How to Trade the Leveraged Finance Market

  5. Part V: Default Correlation

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