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Home » Course Catalogue » MBA Electives » RSM2310H – Analysis and Management of Fixed Income Securities

RSM2310H – Analysis and Management of Fixed Income Securities

General Information


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Applicable Major(s):
(c) = Core, (r) = Recommended

  • Funds Management (c)
  • Risk Management and Financial Engineering (r)

Instructor Bio

Fotini Tolias is an Assistant Professor, Teaching Stream at Rotman and former Academic Director for the Master of Finance program. Prior to joining the Rotman School of Management, Fotini had a career in financial services, with a focus on debt.   She spent over 10 years working in corporate bond origination, on the fixed income trading floor for several large global investment banks. Her mandate focused on meeting the fixed income requirements of both corporate issuers and institutional investors. She also did significant Mergers & Acquisition advisory work including corporate reorganizations and take-out financings.

Target Audience

The course is designed for students interested in pursuing a career in debt capital markets and who are interested in the functioning and understanding of the fixed income market, the deepest pool of capital globally. Key features of this course include a focus on the primary market through real transaction analysis, review of bond structures and pricing.  The latter will also include an overview of the sustainable debt, the newest sector in the market – use of proceeds, structuring and oversight.


12 weekly sessions in the Spring 2023 term

Course Mission

The objective of this capital markets course is to link bond theory with market practice using traditional educational cases and current, real-world examples.  By the end of the course, students should understand current fixed income markets and issues, how to structure transactions and the relative value of securities across the credit spectrum. 

Course Scope

This course describes important fixed income securities and markets. The course will provide an overview of traditional bond and term structure concepts as well as review bond structures relevant to the different sectors of the fixed income market. The material will be supplemented with guest speakers from the industry.

Evaluation and Grade Distribution

Class Participation Exercises (in groups)15%
2-3 Quizzes on-line – concept checks15%
Group Assignment10%
Group Presentation or Case Write-Up15%
Final Exam (during exam period April 10-21, 2023)45%

Required Resources

A course pack from Harvard Business Publishing containing Notes (supportive of class material and concepts) and cases.  There is no required textbook for this course.

Last Updated: 2022-09-26 @ 12:40 pm