Debt/Fixed Income: currently 187 jobs.The latest job was posted on 10 Dec 18.
Debt / Fixed Income
The booming finance sector in Hong Kong has created dozens of jobs related to debt financing and fixed income products.
Fixed Income Markets
Fixed income in the financial sector broadly refers to the market for bonds issued by companies and governments to raise money.
A bond is a loan made by the bondholder to the bond issuer. In return for the loan, the issuer promises to pay the bondholder the full value of the initial loan amount (the principal), at some designated future date, plus regular interim interest payments, known as coupons. The term 'fixed income' relates to the fixed coupon payments made to the bondholder, by the issuer, at regular intervals.
It is not unusual to find that, by the time the bond is repaid, the bondholder is not the original purchaser. Instead the bond may have changed hands several times, as, like equities, they can be traded.
Investment banks work with the client needing to borrow money to develop a bond product, arrange its issue and bring it to market.
The term 'fixed income' relates to the fixed interest payments made to the bondholder, by the issuer, at regular intervals.
Debt And Fixed Income Market Careers
There is a wide variety of jobs related to the debt market.
Originators liaise with the client, to discuss their loan requirements, and a bond structure that would suit their business needs.
A structurer works with the originator to understand the client's needs, and create a bond or debt product to match.
The syndication team are then responsible for assessing the market demand for the product, making pricing decisions, and selling the bonds, to raise the finance the client needs.
Law firms are also involved in the process and employ fixed income specialists to handle the legal administration of the bond issue, such as submitting registration paperwork to the financial services regulators.
Skills And Attributes
To get started in a fixed income products career, you will need a degree, a natural aptitude for numbers and strong analytical skills. At all levels within the team, the ability to cope under pressure, work to deadlines, and manage multiple projects is important, as are strong communication skills.