Fauß, Tobias Friedrich - In: Junior Management Science (JUMS) 7 (2022) 3, pp. 668-689
liquidity risks compared to their conventional counterparts. A switch mechanism between green and conventional bonds was … introduced that allows debt-neutral sale-and-purchase (switch) transactions by the issuing authority. The main goal of this … and a switch option, which is executed when the green bond price falls below the price of its conventional twin bond, are …