Corporate Bond Research & DCM Support – India-Based Analyst Teams

Corporate bond markets and Debt Capital Markets (DCM) teams rely on high-quality, time-sensitive analysis to support primary issuance, secondary market monitoring, pricing frameworks and issuer engagement. India-based analysts offer scalable, consistent support across fixed-income research and DCM workflows — enhancing accuracy, freeing capacity, and reducing time pressure on onshore teams.

This page outlines how offshore analysts in India support corporate bond desks, DCM teams and fixed-income researchers with structured deliverables and market-ready insights.

Why Bond & DCM Teams Use India-Based Analysts

Corporate bond and DCM workflows demand:

  • consistent data handling

  • fast turnaround times

  • structured issuer and bond information

  • accuracy in spreads, curves and comps

  • capacity during heavy issuance periods

  • clear written summaries

India’s analyst talent pool matches these requirements with:

  • strong CA/MBA finance backgrounds

  • experience in FI research, DCM and valuation

  • excellent analytical and Excel capability

  • overlap with European trading hours

This enables bond and DCM teams to scale efficiently without compromising quality.

Corporate Bond Research Support

India-based analysts support fixed-income research teams by maintaining and updating the core deliverables that drive buy-side and sell-side credit workflows.

Bond comparables (IG/HY)

Analysts can produce and refresh:

  • spread and yield comps

  • maturity ladders

  • relative value tables

  • issuer screening frameworks

  • benchmark curve positioning

Issuer snapshots for FI teams

  • recent financials summary (high-level, non-credit)

  • leverage, liquidity and capital structure notes

  • event summaries from reliable public sources

  • rating agency action tracking

  • sector context where required

Spread & valuation updates

  • spread tightening/widening analysis

  • curve shifts

  • liquidity screens

  • pricing anomalies

  • cross-sector or cross-rating relativity

Event-driven updates

  • new corporate announcements

  • rating agency releases

  • quarterly earnings highlights

  • bond buyback or refinancing updates

These structured updates ensure FI PMs and analysts receive timely insights.

DCM Support

DCM teams rely on offshore analysts for both pre-deal preparation and deal execution tasks.

Pre-deal workflows

  • issuer and peer overviews

  • summarising financial metrics (simple, high-level)

  • gathering covenants from bond documentation (where applicable)

  • compiling KYC information (public domain only)

  • tracking investor presentations and roadshow materials

  • reviewing sector issuance trends

New issue tracking

  • monitoring live and pipeline deals

  • capturing expected deal terms

  • tracking investor communication components

  • preparing issuer profile summaries

  • maintaining new-issue databases

Secondary market monitoring

  • price performance

  • spread movements

  • liquidity assessment

  • comparable deal mapping

Documentation & operational support

  • maintaining DCM templates

  • updating comps and pitch material datasets

  • creating structured trackers for issuers, sectors or currencies

During peak issuance periods, this offshore support frees DCM bankers and analysts to focus on pricing, syndication and client interaction.

Fixed Income Market Monitoring

Analysts can maintain and deliver structured FI market updates including:

  • IG/HY spread moves

  • yield curve shifts

  • sovereign vs corporate spread relationships

  • cross-market colour (public sources only)

  • daily/weekly summary packs

These help PMs and traders frame relative value opportunities and sector movements.

ESG in Corporate Bond & DCM Workflows

ESG themes feature prominently in modern debt issuance and investor preference. India-based analysts can:

  • track ESG-labelled new issues (green, sustainability-linked)

  • summarise use-of-proceeds frameworks

  • review governance-related disclosures

  • maintain tables of sustainability-linked KPIs

  • flag ESG risks noted in public issuer documents

This supports DCM and FI teams seeking to align with sustainability-linked mandates.

Data Processing & Fixed-Income Analytics

India-based analysts provide the high-volume, accuracy-driven data support that fixed-income teams rely on:

  • updating bond terms databases

  • mapping maturities and coupon structures

  • maintaining option-adjusted metrics (where public data is available)

  • tracking primary issuance volume

  • updating deal comps

  • refreshing issuer financial snapshots

  • cross-checking data consistency

This ensures clean, reliable datasets for traders, PMs and DCM bankers.

Workflow Integration With FI & DCM Teams

A structured integration process ensures quality from day one:

  1. Template alignment
    Comps templates, issuer formats, DCM pack structures, sector dashboards.

  2. Pilot phase
    Start with a small set of issuers, sectors or comps.

  3. Scale-up
    Add issuance tracking, additional sectors, customised dashboards.

  4. Steady state
    Analysts deliver predictable daily/weekly updates and deal-support workflows.

Start a Conversation

If you’d like to explore how India-based analysts can support your corporate bond or DCM workflows, start a conversation with our team.

Learn more

Related Articles in Corporate Bond & DCM Support

  • DCM Execution Support
    How offshore analysts strengthen DCM execution via issuer credit work, investor insight and accurate comps.

  • Upcoming Articles
    We will be publishing further short guides on:
    • issuer credit packs and funding-stack analysis
    • new-issue comps construction
    • investor feedback and distribution analytics
    • EMTN preparation workflows
    • post-deal reporting and performance tracking

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