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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 …
Persistent link: https://www.econbiz.de/10009526824
observable differences, including rating, financial performance, industry, bond characteristics, liquidity and issuance timing …
Persistent link: https://www.econbiz.de/10013066474
,217, recovered cases increase by 6,468, and the recovery rate increases by 6.9% following the issuance of a corporate pandemic bond …
Persistent link: https://www.econbiz.de/10012833766
authorities in achieving a better understanding of the current situation of the green bond market in global terms …
Persistent link: https://www.econbiz.de/10013244009
green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …
Persistent link: https://www.econbiz.de/10014234020
we can compute a bond invoice i.e., the present value for a given cash investment in the bond. We present the classical … bond pricing formulae and show how to modify this formula to account for accrued interest.To be able to evaluate bond cash … the bond. There is no closed-form analytical solution. Therefore, it must be solved for using an optimization algorithm …
Persistent link: https://www.econbiz.de/10014235519
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 …
Persistent link: https://www.econbiz.de/10011515772
Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …
Persistent link: https://www.econbiz.de/10012307696
In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds may be successfully applied during privatization of state companies throughout the world. It may be profitable for many reasons. Firstly, the exchangeables offer a much lower...
Persistent link: https://www.econbiz.de/10010390522
-jump process to compute the monthly default probabilities of a bond issuer whose income is uncertain with high volatility in tax … collection. In particular, the case of a sovereign bond issued by the Mexican government in United States Dollars (to ensure the …
Persistent link: https://www.econbiz.de/10013066122