Investment Banking (IB)
Investment Banking (IB)
Full Marks: 100
Module A: Investment Banking
- Investment Banking – Functions and Activities
- Investment banking versus conventional banking
- Investment Return and Risk, Asset Allocation
- Structuring a deal, Business valuation techniques
- Types of valuation multiples, Hurdle rate, Payback period
- Cost of capital, Cost of debt, Enterprise value, Equity value
- Cash flow modeling, Discounted cash flow analysis
- Modeling best practices, drivers and assumptions
- Modeling and projecting financial statements
- Stress testing, Sensitivity analysis
Module B: Primary and Secondary Market Operations
- Management of Capital Issues
- IPO: listing and fund raising, Underwriting, Issue of Prospectus
- Private Placement
- Mutual Fund (open ended and closed ended)
- Reference Curve, Bond pricing
- Primary Dealer, Auction Calendar, Demate
- Settlement of trades, Security Valuation
- Overview of the Valuation Process, Theory of Valuation
- Bond Fundamentals and Valuation of Bonds-Computing Bond Yields
- Valuation of Equities, Primary Securities Market and Secondary Security Markets
Module C: Portfolio Management and Analysis
- Introduction to Portfolio Management, Some Background Assumptions
- Asset Pricing Models, Efficient Capital Markets
- Financial Statement Analysis
- Financial Ratios, Economic Analysis
- Relating Economic Analysis to Efficient Market
- Forecasting Tools, The Nature of Effective Economic Forecast
- Industry Analysis, Company Analysis
Module D: Corporate Finance
- Debt and Equity Instruments
- Understanding capital structure
- Net present value, Internal rate of return
- Project finance, Structured Export Finance
- Asset-backed Securitization (ABS), Mortgage-backed securities (MBS)
- Advisory, Mergers and Acquisitions, Leveraged Buyouts
- Corporate actions and restructuring
Module E: Investment Banking Structure in Bangladesh
- Structure, Legal Framework, Performance
- Role of SEC (Prevention of Insider Lending and Investor Protection), ICB (Institutional Investor)
- DSE and CEC Corporate Merger, Restructuring, Acquisition, Corporate Advisory
- Legal, ethical and governance issues in investment banking
- Growth of investment banking in Bangladesh
- Tier II bonds, ZCB, Sukuk, Sustainable bonds
- Bancassurance Guidelines for Banks (BRPD Circular No. 18/2023)