White Paper

Yield Estimation in Private Debt for a Given Capital Structure

June 7, 2018

Corporate yield can be determined through the use of different standard methodologies, including the yield buildup method. However, it has always been a challenge to determine an appropriate yield of specific debt in the capital structure of a private company. Rajesh Khetan, Pavitra Padhi and Dhruva Phegade propose a formula to meet this challenge.