Building a Corporate Bond Issuance Cost Comparison Model

A hands-on build for treasury teams, growth-stage founders and corporate strategy professionals who need to decide how to raise debt in India. The coupon is only the headline: arranger fees, credit ratings, stamp duty, debenture trustee and listing charges, the recovery expense fund, GST and ongoing surveillance costs all move the real number. This course maps every cost line for a listed NCD issue on the NSE and BSE EBP platforms, then builds an Excel model from scratch that turns those costs into an all-in pre-tax and post-tax cost using IRR and XIRR. It then adds term loans, commercial paper and ECBs with hedging, compares them side by side, stress-tests the answer across rating, tenor and issue size, and closes with a full case study and a board-ready recommendation.