The economist intelligence unit guide to eurobonds: Noël Clarke
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York <<[u.a.]>>
McGraw Hill
1993
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXVIII, 273 S. graph. Darst. |
| ISBN: | 0070093385 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Contributors ix
Foreword xi
Preface and Acknowledgments xiii
Introduction xvii
Short History of the International Bond Markets xviii
1. The Nature of a Eurobond 1
Structure of a Eurobond 3
Terms and Conditions 8
Market Characteristics 14
Elements of Price 16
2. The Principal Medium-term Euro-Debt Instruments 21
Unsecured Instruments 21
Fixed-Income Eurobonds 22
Floating-Rate Notes (FRNs) 34
Private Placements 40
Euro-Medium-term Notes (E-MTNs) 45
Mortgage-backed and Asset-backed Securities 48
Development of the U.K. MBS Market 49
Other Assets and the Outlook for the Markets 55
Market Aspects 57
Contents v
3. Calculations of Value 63
Fundamentals of Compound Interest 63
Current Yield or Dividend Yield 68
Redemption Yield 68
The Yield Curve 68
Semiannual Yields 71
Compounding 72
Fractional Periods 74
Internal Rate of Return 75
Average Life of Bond Issues with Sinking Funds 76
Yield to Average Life 77
Accrued Interest 77
FRN Margin Calculations 79
4. The Principal Currencies of Issue
in the International Bond Markets 87
The U.S. Dollar 89
The Deutsche Mark 95
The Swiss Franc 99
The Euro-Yen 103
The Pound Sterling 107
The European Currency Unit (ECU) 109
The Canadian Dollar 112
The Australian Dollar 114
The French Franc 116
The Secondary Currencies 118
5. Principal Participants 123
The Investors 123
The Issuers 127
The Intermediaries 133
The Market Makers and Brokers 134
The Issuing Houses 137
The Clearing Systems 140
The Rating Agencies 141
The Stock Exchanges 143
The Trustee, the Paying Agents, and the Fiscal Agent 145
The Trade Associations 147
The International Securities Market Association (ISMA) 147
The International Primary Market Association (IPMA) 148
6. Preparing a New Issue 151
Questions Confronting an Issuer 151
The Nature of the Finance Requirement 151
Currency Requirement 152
Borrowing Strategy 152
Due Diligence 153
yj Contents
Proposals 154
Selecting a Lead Manager 155
Questions Confronting an Issuing House 156
Country of Origin 156
Industry Sector 157
Financial Standing 157
Financial Information 158
How Is the Issuer Perceived? 159
Underwriting and the Syndicate 159
Placement 162
Issuance Procedure 164
Premandate 164
The Mandate 165
Postmandate 165
7. Introduction to Pricing a New Issue 169
Elements of Pricing 169
Factual Information 170
Evaluation 172
Case Study: Dashitall Carpet Baggers Ltd. 172
Exercise 182
8. Equity-related Eurobond Instruments 191
Convertibles 193
Eurobond Issues with Equity Warrants Attached 198
Case Study 200
Exercise 206
Bull and Bear Bonds 209
9. Introduction to Financial Engineering 213
Currency Option-linked Bonds 213
Dual Currency Bonds 217
Debt Warrants 219
Forward Swaps and Swap-Options 223
Exercise 224
10. The Anatomy of a Eurobond Issue 229
The Legal Nature of a Eurobond 229
Documentation 231
Appendix A. Trading Bonds in the Primary and Secondary Markets 243
Appendix B. Syndicate Invitation Telex 261
Appendix C. Draft Allotment Telex 267
Index 271
Contents vH
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| id | DE-604.BV026113837 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:05:22Z |
| institution | BVB |
| isbn | 0070093385 |
| language | English |
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| publishDate | 1993 |
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| spelling | Clarke, Noel Verfasser aut The economist intelligence unit guide to eurobonds Noël Clarke New York <<[u.a.]>> McGraw Hill 1993 XXVIII, 273 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Eurokapitalmarkt (DE-588)4015698-9 gnd rswk-swf Eurokapitalmarkt (DE-588)4015698-9 s DE-188 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021705466&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Clarke, Noel The economist intelligence unit guide to eurobonds Noël Clarke Eurokapitalmarkt (DE-588)4015698-9 gnd |
| subject_GND | (DE-588)4015698-9 |
| title | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_auth | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_exact_search | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_full | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_fullStr | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_full_unstemmed | The economist intelligence unit guide to eurobonds Noël Clarke |
| title_short | The economist intelligence unit guide to eurobonds |
| title_sort | the economist intelligence unit guide to eurobonds noel clarke |
| title_sub | Noël Clarke |
| topic | Eurokapitalmarkt (DE-588)4015698-9 gnd |
| topic_facet | Eurokapitalmarkt |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021705466&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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