Project Finance - A Primer
Project Finance – A Primer Project finance is the financial analysis of the complete life-cycle of a project. Typically, a cost-benefit analysis is used to determine if the economic benefits of a project are larger than the economic costs. The analysis is particularly important for long-term projects of growth CAPEX. The first step of the...
Public Securities
What are Public Securities? Public securities, also known as marketable securities, are debt or equity securities that are openly or easily traded in a market. In a previous article, the classification of such investment methods was further discussed. The securities are either equity or debt-based. An equity security is an investment based on the equity...
Equity Capital Market (ECM)
What is the Equity Capital Market? The equity capital market is a subset of the broader capital market, where financial institutions and companies interact to trade financial instruments and raise capital for companies. Equity capital markets are riskier than debt markets and, thus, also provide potentially higher returns. Instruments Traded in the Equity Capital Market...
S&P – Standard and Poor's
What is Standard and Poor’s (S&P)? Standard & Poor’s is an American financial intelligence company that operates as a division of S&P Global. S&P is a market leader in the provision of financial market analysis, particularly in the provision of benchmark and investable indices and credit ratings for companies and countries. The S&P Global division...
Variable Coupon Renewable Note (VCR)
What is a Variable Coupon Renewable Note (VCR)? A variable coupon renewable note (VCR) is a type of fixed-income security that is renewable. Its distinguishing characteristic is that the return, which is known as the variable coupon rate, is subject to periodic revisions. Other features of VCRs include embedded put options. What is Coupon Rate?...
