Diary of a debt capital markets intern: Weeks 3 & 4

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Week 3

With a deal in sight there was a lot of preparation to be done, Monday and Tuesday were subsumed by preparing net roadshow materials for a bond tender offer announced on Wednesday and successfully executed on Thursday. Because of the fast pace of the deal I was left out of any of the modeling, but at the same time it was great to be part of the whole process.

A new funding opportunity came up too which gave me the chance to do some research into the debt profile ahead of a presentation to the buyer's CEO.

Aside from that I've been doing what are starting to been regular tasks: sending our pricing updates, editing commentary and researching debt maturity. Hours have been fine, starting off heavy with two 1ams but tailing off towards the end of the week, which was nice.

Week 4

Approaching Bastille Day (Tuesday) things have been quiet, with a lot less to do. I now have responsibility for four company updates, and have been given the autonomy to get on with them and show them to the lead contact. I've also been working with an associate on building a pitch for a company in the pharmaceutical sector.

I managed to learn two new skills this week - pricing taps, and analyzing liability management which should stand me in good stead for the next few weeks, when one of the two analysts and the associate are off on holiday.

Hours have been really chilled, finishing around 9 every night, and going for team drinks on Friday, which was nice.

I asked for feedback this week, which was good. Succeeding in an internship seems to be about asking a lot of questions, and triple checking everything. I'm now starting to feel more useful, and really like the job and my team. Fingers crossed the next 8 weeks go well!

Click here for weeks one and two

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