The primary aim of this case would be to analyze the problems arising from a sophisticated refinancing process carried out through a job bond issuance. The view is the one of a fixed income investor deciding to buy the bonds and analyzing opportunities and threats linked to the trade.
From this perspective, the students are exposed to notions which are closely associated with the Watercraft Capital trades, including: credit enhancement mechanics, debt service coverage ratio, loss given default, seniority of debt tranches, guarantee facility, cash flow waterfall, special purpose vehicle arrangement and Spanish gasoline marketplace.
Publication Date: 06/23/2015
This is just an excerpt. This case is about Accounting about Accounting
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