High Yield Bond Covenants: A Practical Approach


Moodys Analytics


£995 inc VAT
Finance options

New York: $1695 USD Sep 6, Oct 25 London: £995 GBP Oct 11

Study method
1 day, Full-time
No formal qualification
Additional info
  • Certificate of completion available and is included in the price

Location & dates

Moodys Analytics, 1 Canada Square, London
Canada Square
East London
United Kingdom


Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organisations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.


This course will review and analyze thne key covenants used in high yield bond documentation. Whether representing investor or issuer interests, the delegates will become familiar with the purpose and structure of covenants through the use of tools and real life examples. There will be a focus on learning to recognize the strengths and pitfalls of covenants and how creative drafting of covenants and definitions can enhance or weaken a covenant's intent.

Who is this course for?

High yield fund managers, bond analysts, leveraged finance lenders, investment banking advisors and other finance professionals with an interest in bond documentation.


3-5 years experience in a credit related finance function or academic equivalent.

Questions and answers


Currently there are no reviews for this course. Be the first to leave a review.


What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


Mobile Navigation