Магистратура
2024/2025
Инструменты с фиксированной доходностью на развивающихся рынках капитала
Статус:
Курс по выбору (Стратегическое управление финансами фирмы)
Направление:
38.04.08. Финансы и кредит
Кто читает:
Школа финансов
Где читается:
Факультет экономических наук
Когда читается:
2-й курс, 1 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для всех кампусов НИУ ВШЭ
Прогр. обучения:
Стратегическое управление финансами фирмы
Язык:
английский
Кредиты:
3
Контактные часы:
28
Course Syllabus
Abstract
The course is designed to provide a theoretical framework for the practical analysis of BRICS+ fixed income instruments. While the primary focus is the valuation of the specific bond issue, the course also applies to the general principles of the credit analysis and basic concepts of the portfolio management. We'll discuss valuation of BRICS+ bonds, compare Asian and LATAM peers and develop a model of BRICS+ bond portfolio. Following defaults in China we’ll focus on the analysis of HY & even distressed bonds and introduce several scenarios of corporate debt restructurings. The course also offers a thorough understanding of the local currency bond markets, including practical cases from Russia and Iran.
The course will be taught in an interactive format. The students are expected to be familiar with fixed income securities and their basic risk characteristics. Though quantitative background is helpful, we will spend our time on the concepts and their application rather than mathematical derivation.