Tejas Kashyap

Bachelor's

Economics

Mathematics

Computer Science

Nomura Securities International

summer analyst

• • Built detailed three-statement financial model and spread bond/equity comps on a moderately distressed, CCC+-rated aerospace • supplier; concluded that the 2021 maturing bonds were cheap 1.92% over yield vs. leverage regression on bond comps, and pitched • addition to the high yield desk’s portfolio after analysis of the quality of the company’s $4.5B backlog. • Prepared aerospace industry report, including analysis of commercial aircraft M&A activity and trade war effects, to demonstrate the • impact of industry trends on portfolio position. • Performed integrity check of loan securitization data tape for a $402MM non-QM residential-MBS deal in Excel, examining the • individual characteristics of the 1,096 underlying mortgages in various tranches to examine the need for pool optimization with • replacement collateral; assisted in preparation of internal marketing materials for securitized products trading desk. • Pitched a bullish strategy on purchasing upcoming commercial PACE (property-assessed clean energy) securitizations in the primary • market, examining tax and regulatory law, credit enhancements, and projected headline risks to estimate default risk.