This paper develops a model to assess the potential for unfairness in freeze-out bond covenant exchange offers by …, but also in bond issues. …

This paper develops a model to assess the potential for unfairness in freeze-out bond covenant exchange offers by …, but also in bond issues. …

are turning to bond issue to maintain their liquidity and finance development projects. However, bondholders impose …'s indebtedness and ability-to-repay-debt financial ratios. This article discusses bond issue costs. The authors analyze the bond … issue programs of three of the four mining companies operating in Poland. The fourth company did not issue any bonds. Bond …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously … entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them … to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the …

observable differences, including rating, financial performance, industry, bond characteristics and issuance timing. The … they necessarily less liquid. Bond investors appear to discount the value of privately held equity. The effect does not …

is most needed. We examine bond correlation using a broad sample of US corporate bonds. We find bond correlation to be … higher during the financial crisis in 2008. Increased bond correlation results from higher correlation between corporate bond … risk factors. Risk factor correlation increases when investor sentiment worsens. This suggests that corporate bond …

pricing channel in addition to any direct dissemination impact. TRACE-associated improvement in bond valuation precision …